Today in the economy

[killersheep]

Kirkland in the 1990's the economy was on the rise and not on the decline.....do we not need people to invest in these companies that are having troubles? Not all of them deserve their low prices.....I may just sink a couple hundred bucks in GE right damn now

You do know that after the IPO of a stock new monies in DO NOT go to fund the company, right?

[Kirkland Laing]

Kirkland in the 1990's the economy was on the rise and not on the decline.....do we not need people to invest in these companies that are having troubles? Not all of them deserve their low prices.....I may just sink a couple hundred bucks in GE right damn now

You do know that after the IPO of a stock new monies in DO NOT go to fund the company, right?

A catastrophic global financial meltdown is the only time ever investors don't care about how much tax they pay on their gains. What with them losing half their wealth in the last year and a bit they don't have much in the way of gains taxes to pay right now. They're scred right now and all they want to do is not lose any more of their wealth. The capital gains tax is the least useful tax cut that the government could make as it would have zero effect whatsoever on the current situation, it'd just be another multibillion dollar giveaway to the wealthiest 1% to go with the all the others that there have been since 1980. But that's why the GOP want it! It doesn't matter what the economic situation is, their answer to everything is always to cut CGT and income tax.

And the facts and the evidence show that tax cuts since 1980 have progressively severely damaged the US economy. The reason the economy is so screwed right now is that far too much of the economic pie goes to a small number of people who don't spend it, something that would create economic growth for everyone, but invest it, causing bubbles to form in bloated capital markets. And then burst. The last time wealth was so concentrated at the top as it is now was 1929. Go figure.

Right now the GOP don't even believe in cutting CGT. when it was obvious the economy was slipping into recession in 2008 Bush cut taxes as a stimulus but he only sent a cheque to people making 50K or less. That's because they'd spend it, pumping money into the economy unlike GCT whose recipients would save or invest it. When his back was against the wall Bush didn't cut CGT or income tax he mailed a cheque to Americans who most needed it, what Obama is getting criticised for now. But that's what needs to happen right now. A massive redistribution of wealth from the wealthy to everybody else in America.