Friar Bijou wrote:
What the rich do with the money is invest it. You know, in the sort of things that are taxed lower (like, capital gains). The very things which I just pointed out tend to produce economic growth which benefits everyone else and not just the rich person. They don't just stick their wealth in a freaking mattress.
They also buy things you fu
cking imbecile. Whether those things are real estate or Lear jets or mansions, they buy them.
And? First off, that still has an economic effect (someone built that mansion and jet, right? Many someone's are employed maintaining that mansion and jet, right?). It's not "idle money". Secondly, this is a relative statement. The greater the wealth an individual has, the higher the percentage of that wealth will be put into investment rather than direct consumption.
The point is that the money isn't just sitting around doing nothing.
They sock money (fungible and non) away for their children.
Which is always in the form of investment. Unless one is really dumb, I suppose.
And that's bad how? So in your perfect world no one would have enough wealth to be able to afford to donate to any cause? That seems counter productive. Where would you put the limit on wealth?
They give to politicians and PACs.
They bribe people and buy their silence. They try to cure malaria. They shoot rockets into space.
Again. And? I'm struggling to find your point here.
All of those things require that, yes, you dumb-fucking cockstain, they bank it. You can't cash a check or swipe your card without money in the bank.
What percentage of the average riich person's wealth do you honestly think is in a bank account? Seriously? They don't "bank it" anymore than you do. In fact, as a percentage of their wealth, they "bank it" far less than you do.
Until you show me in the Constitution where people have a right to buy political power and keep other people in financial thrall, just shut the hell up.
How the heck did you get from "is there a benefit to having capital gains tax rates lower than income tax rates" to this? I'm also curious how you think changing the rates would have any impact on the degree to which the rich might engage in such behaviors anyway? Geez! At least try to make some sort of sense.
Your mom's Catholic, right? Does she know the extent of your hatred for your fellow man? Your unmitigated sin? Likely not, you coward.
Wait. So now arguing for a low capital gains tax rate is the equivalent of hatred for my fellow man? Hysterical much?