Quote:
Originally Posted by GregWeld
That becomes a political quagmire that I don't want to enter into.
I will comment re: Taxes vs Investing -- the whole have and have not discussion....
Change the tax rates on investments (i.e. tax dividends or LTCG's) from 15% to ordinary income tax rates --- and all you'll do is see money flood OUT of stocks and into TAX FREE MUNI's.... which carry a ZERO tax rate. If I see that is what's coming --- I'll be 100% out of the stock market. Ya know who gets crushed in the stampede? The little guy... the retiree... the Mutual fund holders (working people)... ME -- I'll have a little less income (maybe 5% less overall) and a lot less taxes - I'll pay ZERO.
Rich people have OPTIONS.... in other words.... they will make choices because they HAVE choices.
The POLITICAL CORRECTNESS of jumping on the latest greatest "talking point" to get elected or stay elected NEVER EVER had anything to do with what should be done or should be done RIGHT.
Equality says flat tax - no deductions - no tax free - no dividend - no offshore bs -- just everybody pay a % --- indexed UP for various income levels. Whatever that looks like. Lowest income levels should pay ZERO... pick some other level to say 300K and that's 15 or 20% - after that 25% or whatever.
The tax code needs to be fixed --- but they'll fix it by making it MORE COMPLICATED -- and my people will find a way to beat it. That's what they get paid to do. It's a chess game -- take the chess game away and you'll have a better system.
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Too hard to answer the question without speculating on the run away Spending, and the Federal Reserve, and the devaluing of the dollar.
Will Obama ramp up what he has been doing for the last few years ??
Just in case he loses, he still pushes through more spending ?? I think so..
I think that Commodities will do well, and there may be another drop or correction in stocks ,that will be a time to add positions buying..
But thanks for letting me give my point of view.. No politics here...I just try to play over a long period of time, what I see the opportunities are ..
Not sure that is Investing 102 ... Kind of Speculation 102.. But I am not sure.