Comments on: The Economy and a Barack Obama Presidency http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Fri, 04 Dec 2009 16:56:48 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: miranda http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315391 miranda Fri, 07 Nov 2008 23:36:47 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315391 Thanks for stopping by, Grandpa! I don't think that a windfall tax is the answer. But I do think it is absolutely appalling that Exxon gets subsidies from the government, as well as rather generous tax breaks. As for GM, and the rest of the Big 3, they've been enjoying subsidies, tax breaks and the good life for quite some time, while letting their products and business models become obsolete. I do feel bad for all the people that will have to be laid off because of GM's stupidity. The Boy will be fine :) He's too young to keep track of who's sending him what anyway. And he still thinks you're the coolest for taking him fishing. Thanks for stopping by, Grandpa! I don’t think that a windfall tax is the answer. But I do think it is absolutely appalling that Exxon gets subsidies from the government, as well as rather generous tax breaks. As for GM, and the rest of the Big 3, they’ve been enjoying subsidies, tax breaks and the good life for quite some time, while letting their products and business models become obsolete. I do feel bad for all the people that will have to be laid off because of GM’s stupidity.

The Boy will be fine :) He’s too young to keep track of who’s sending him what anyway. And he still thinks you’re the coolest for taking him fishing.

]]> By: Gramps http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315397 Gramps Fri, 07 Nov 2008 23:31:12 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315397 Your position on windfall profits tax is interesting. Especially in light of the fact that Exon Mobile has just declared records profits for this quarter while General Motors is on the verge of bankrupcy. Tell the boy I,m sorry I didn't get him a birthday card but something will be coming for Christmas. Your position on windfall profits tax is interesting. Especially in light of the fact that Exon Mobile has just declared records profits for this quarter while General Motors is on the verge of bankrupcy. Tell the boy I,m sorry I didn’t get him a birthday card but something will be coming for Christmas.

]]> By: miranda http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315411 miranda Fri, 07 Nov 2008 15:57:03 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315411 Thanks, Bill! I think you make an important point. No matter what anyone says about cutting taxes, the reality is that we need revenue from somewhere. Thanks, Bill! I think you make an important point. No matter what anyone says about cutting taxes, the reality is that we need revenue from somewhere.

]]> By: Bill Jordan http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315412 Bill Jordan Fri, 07 Nov 2008 14:59:36 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315412 I also disagree with the windfall tax as well. In fact I don't know if I agree with most of the tax policies. It was a difficult decision because neither senator had a great tax policy. I also know that we had to raise taxes one way or another. To pay off all of our debts including the $700 billion dollar bailout bill which was tacked onto our $10 trillion dollar deficit. I also disagree with the windfall tax as well. In fact I don’t know if I agree with most of the tax policies. It was a difficult decision because neither senator had a great tax policy. I also know that we had to raise taxes one way or another. To pay off all of our debts including the $700 billion dollar bailout bill which was tacked onto our $10 trillion dollar deficit.

]]> By: Now That Obama Has Won, What’s Next? | Bible Money Matters http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315482 Now That Obama Has Won, What’s Next? | Bible Money Matters Thu, 06 Nov 2008 21:00:42 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315482 [...] The Economy and a Barack Obama Presidency @ YieldingWealth.com Share and Enjoy: [...] [...] The Economy and a Barack Obama Presidency @ YieldingWealth.com Share and Enjoy: [...]

]]> By: miranda http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315459 miranda Thu, 06 Nov 2008 01:02:31 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315459 Yeah, I guess if you want to carry my position to the point of hyperbole, that's what I said ;) At any rate, my main point is that I find a tax rate on investment earnings at around 20% - 30% acceptable. But I do think personal income tax should be capped at 18% - 20%. But that's another story completely. But I like your point about dividends, and perhaps I will change my position to disagree with raising taxes on dividends, but maintaining that I don't mind a capital gains tax. Yeah, I guess if you want to carry my position to the point of hyperbole, that’s what I said ;)

At any rate, my main point is that I find a tax rate on investment earnings at around 20% – 30% acceptable. But I do think personal income tax should be capped at 18% – 20%. But that’s another story completely. But I like your point about dividends, and perhaps I will change my position to disagree with raising taxes on dividends, but maintaining that I don’t mind a capital gains tax.

]]> By: Mr. ToughMoneyLove http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-315444 Mr. ToughMoneyLove Wed, 05 Nov 2008 22:20:18 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-315444 "Yeah, that means I’ll be paying a little more. But it doesn’t bother me. " If I understand your position, if you invest and harvest $1.00 in capital gain, your OK with the government taking 99 cents of it in taxes, because you still come out 1 cent ahead. If that is not correct, where do you draw the line? I don't think your sources support your argument about taxation and investment. Corporations that pay steady dividends saw valuations increase after tax rates were lowered. Other corporations that did not pay dividends jumped on the bandwagon. That will all change if taxes on dividends go up as shareholders bail out and turn to other investments. “Yeah, that means I’ll be paying a little more. But it doesn’t bother me. ” If I understand your position, if you invest and harvest $1.00 in capital gain, your OK with the government taking 99 cents of it in taxes, because you still come out 1 cent ahead. If that is not correct, where do you draw the line? I don’t think your sources support your argument about taxation and investment. Corporations that pay steady dividends saw valuations increase after tax rates were lowered. Other corporations that did not pay dividends jumped on the bandwagon. That will all change if taxes on dividends go up as shareholders bail out and turn to other investments.

]]> By: miranda http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-314965 miranda Wed, 05 Nov 2008 19:02:39 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-314965 I'm totally with you! I like the idea of infrastructure. It's more than jobs, too. It would benefit our country as a whole and make it a more efficient place. I’m totally with you! I like the idea of infrastructure. It’s more than jobs, too. It would benefit our country as a whole and make it a more efficient place.

]]> By: Patrick http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-314964 Patrick Wed, 05 Nov 2008 18:38:34 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-314964 I think removing subsidies is a much better solution than a windfall tax. As part of the second stimulus plan, Obama also proposed creating work by repairing roads and schools. I would much prefer to see new jobs created instead of giving everyone a handout. New jobs will stimulate the economy more than just handing out checks. I think removing subsidies is a much better solution than a windfall tax.

As part of the second stimulus plan, Obama also proposed creating work by repairing roads and schools. I would much prefer to see new jobs created instead of giving everyone a handout. New jobs will stimulate the economy more than just handing out checks.

]]> By: How Obama’s Administration will Affect Your Money | Cash Money Life http://www.everyjoe.com/articles/the-economy-and-a-barack-obama-presidency/comment-page-1/#comment-314963 How Obama’s Administration will Affect Your Money | Cash Money Life Wed, 05 Nov 2008 18:35:26 +0000 http://www.yieldingwealth.com/the-economy-and-a-barack-obama-presidency/#comment-314963 [...] The Economy and a Barack Obama Presidency. [...] [...] The Economy and a Barack Obama Presidency. [...]

]]>