Did you watch the video? Did you not know that about 36% of the people claiming capital gains make under 50K? Knowing how to make money doesn't mean they know about taxes and consequences. They pay people to know those things for them.

BTW, Buffett is lying when he says his secretary pays 32% in federal income tax on an income of 60K. Even if she is single with no deductions, the most she paid was 19%.

__________________
Order without liberty and liberty without order are equally destructive. - Theodore Roosevelt

capital gains effect more than just the warren Buffett and his income level . it effectsthe middle class also because they have allot of stock , if warren is so effing fond of helping the poor he has plenty to give, I hate rich two faced liberals who want to use my money that i worked for to pay for illegals and lay abouts. (*)(*)(*)(*) em all let them starve if they get hungry enough they'll find a way to get over that hump .

__________________
Aint but three things in this world thats worth a solitary dime,
But old dogs and children and watermelon wine.
Tom T. Hall
http://www.obamatruth.org/

He won't raise the capital gains taxes. That's why he keeps saying he'll "keep it on the table." If he doesn't understand the damage it would do, his economic advisors do.
Like you've said yourself, many of his "policies" are really just stuff he says to get elected. His biggest problem is working class Democrats... you know, the ones who are economically populist but socially conservative. The way to their heart is to promise putting the tax burden on someone else.
This is the main problem I have with being a marginal liberal Democrat... We're dependent on the populists and we have our achilles' heel belief that the government should be under the control of the people- obviously that's a recipe for political pandering.
But you guys should understand that with all the pandering you have to do for the religious right.

But the fact is that this thing will be off the table, as well as any alleged "review" of NAFTA. First things under the carpet.

Sort of like McCain's gas tax holiday... the single dumbest economic idea in this campaign- but it sounds good to people.
Pandering and false promises to the populists is not a Democratic monopoly.

We'd both prefer to see people come out and be honest about what they're going to do... but guess what. It's not happening any time soon.
So unless we're going to just join the non-voting, we might as well face it.

__________________
"It's never over... BOY!"
The Tall Man, Phantasm III

As far as I know Obama's proposed increases would only effect the top rate, payed by the wealthy. Currently those making 50K or less only pay 5%.

__________________

He had breakfast with the man. How exactly does that extrapolate into him accepting advice from the man? He is no doubt a Superdelegate who Obama was Smoozing!

It's the same old bit of misinformation we hear from liberals EVERY election cycle. Maybe he didn't take Economics in college??? Or maybe he's just a liberal who doesn't really care---as long as he mistakingly believes he's hurting the "rich."

__________________
"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

The rich are the ones who create businesses that provide a career and benefits to those who work for him/her. So, hurt the rich and you are only hurting the workers. High taxes---even on just the rich---have consistently shown to slow federal gov't revenues; not increase them. Give it to the politicians in D.C. and they will most assuredly find a way to spend it---some new give-away program that helps buy them votes. Leave it in the pockets of those who earned it is the better way to go.

Example: the House just passed another $300 BILLION dollar give-away to the housing industry---when most are saying the housing crisis has already passed. As usual, Congress is late on action curve as well as stupid with our money. $300 Billion---yes, BILLION with a 'b" will be given away to help just a few hundred thousand people.

And you ALL believed the Dems were truly concerned about the rising deficit. Suckers!!!<g>

__________________
"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

Exactly!! Buffett was lying. And yet---NO reporter called on him to PROVE his claim. Another gripe of mine----reporters who let people who make such outlandish claims off the hook by NOT challenging them.

__________________
"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

I don't know the exact quote, by I assume he is talking about payroll taxes as well. In which case I am confident she probably has 32% of her paycheck deducted.

Back to topic:

While capital gains taxes are considered a cost to business, the fact is:

We can have no government without taxes. You know that large army your soo proud of, how do you think it is paid for?

You know that war in Iraq that you folks believe was an act of genius..

It costs money. In order to pay for your way you only have 2 choices.

I love how conservatives, think the $3billion/week sinkhole known as Iraq is totally awsome, but at the same time feel we should NOT pay for it.

Is it really so awful to raise capital gains taxes 5% to pay for your precious war?


Ixtellor

P.S. Simpler solution = get out of Iraq.

__________________
_______________________________________
George W. Bush "I don't think our troops ought to be used for what's called nation-building"

Blasphemy is a victimless crime.

Well Obama has shown an uncanny knack to be in the presence of advisors and mentors (some for 20 years!) and not hear a word they said. Just because he surrounds himself with good minds (and rascist ones as well) does not mean he listens.

__________________
Those who cannot think or take responsibility for themselves need, and clamor for, a leader.