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Savage, Christian (MC2007)
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Thanks, Everyone, for your feedback. I appreciate it greatly. Sorry for “spamming” you all again, but I received A LOT of feedback so I just thought it would be easier to explain my plan in this mass thread.
However, I don’t believe you understand the concept of what my plan would do.
Yes, it would “triple the Capital Gains Tax” but it will REPEAL (outright) the double-taxation of Shareholder DIVIDENDS.
Think about it: if the Gov’t passed such a law, it would be what economists call a “Negative Externality vs. Positive Externality.” The publicly-traded corporations in the Free Market would respond by deciding to distribute a fixed percentage of their corporate profits in order to avoid paying the higher Capital Gains Tax which they only have to pay when stocks are SOLD.
As a result, investor CONFIDENCE & DEMAND for stocks would sound more attractive to the general public who would see an opportunity to receive “dividend checks” tax-free even if the Company’s stock would fall. More stocks the company sells, the more investment capital is
available for business expansion. So, in essence, NOBODY will pay the “tripled Capital Gains Tax.” [ ; ) ]
best,
Christian
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Sigh, ahh to be young and idealistic again.
Sorry! I can NOT buy the ‘solution’. On so many levels, I’d suggest that I think you are SO wrong.
First, your ‘solution’ presumes that it is moral for the gang that calls itself ‘government’ to steal from people engaged in non-aggressive behavior.
Second, you overlook the fact that folks have made decisions based on the current set of rules. And, you’re going to jerk the rug out from their plans. because you think this is ‘better’!
Third, you ignore that no matter how perfect your plan is, someone else is going to write, interpret, implement and enforce it. Your ‘pig’ will go into one side and ‘sausage’ will come out the other end. Any resemblance after the politicians and their lobbyists get finished will be purely coincidental.
Bottom line, look to reduce government, and make us all free.
Eliminate the capital gains tax completely, it is just taxing us on the Fed’s inflation. Eliminate income taxes, not just the dividend taxation, it is immoral.
imho,
fjohn68
p.s., I’m old. You youngsters are in need of another American revolution. You’ve all been brainwashed by ‘education’.
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RANT: Savage, Christian (MC2007) has an economic plan
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