McCain's Mansions

[Bong30]

On another note if Obama wants to raise the capital gains tax from 15% to 40%, the man is insane.

Hi Bongman...Hope all is well

I was wrong.....he wants to double it, not triple it

15-28 now

28-40 second term...LOL



Obamaâ??s Truly Radical Capital Gains Tax Agenda

Every so often, a politician commits the horrible mistake of saying what he really thinks. This happened at the Democratic debate. Barack Obama has a very punitive proposal to nearly double the capital gains rate. When asked by one of the moderators whether this makes sense, especially given the historical evidence of big â??Laffer-Curveâ?� effects, Senator Obama dismissed concerns about falling revenue, arguing that a high rate was justified by â??fairness.â?� In other words, Senator Obama is so fixated on punishing success that he is even willing to reduce the amount of tax revenue flowing to Washington that he and his buddies can redistribute. This position is so radical that my Cato colleague Sallie James was distracted from her work on the free trade agreement with Colombia (Iâ??m not a foreign policy person, but thatâ??s apparently a country bordering Nepal and Mauritania) and demanded that I say something about the issue. But letâ??s first look at what Senator Obama actually said:

MR. GIBSON: And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

SENATOR OBAMA: Well, Charlie, what Iâ??ve said is that I would look at raising the capital gains tax for purposes of fairness.

The Senator then proceeded to bash evil rich (sorry for the redundancy) people, so the moderator asked the question again:

MR. GIBSON: But history shows that when you drop the capital gains tax, the revenues go up.

SENATOR OBAMA: Well, that might happen or it might not. It depends on whatâ??s happening on Wall Street and how business is going.

This exchange is particularly revealing since Senator Obama actually admitted that a tax rate increase might lose revenue, but he held firm to his position that the capital gains rate should be increased from 15 percent to 28 percent. This reminds me of a conversation I had years ago with an economics professor from an Ivy League university. He told me that he once asked his left-wing colleagues whether they would support lower tax rates if they knew that tax revenues would rise. Most of them, he said, shared Obamaâ??s viewpoint that punishing success was more important to the statist ideology than increasing revenue for government.


^^^^^ this is what is wrong in America today^^^^^^^^

[McDanger]

Obama is supposed to be pretty well off too. But McCain is a pig. How can a senator own 8 homes? He can't. He's stolen fromtaxpayers and the people that actually have to work for a living. There is something sadly wrong with society when they see nothing wrong with multiple homes and $5 million salaries.

His wife owns a beer disributorship, that is where the money came from.
Obama doesn't even help out his brother that lives on either $12 or $52 per year(I heard both), he could set him up for 1000 years with less than 1 month of his salary.
I see nothing wrong with multiple homes or $5 mil salary, even tho that is not what he said.
What do you want to DICTATE to us as the maximum we can make?

[killerweed420]

I don't think the government has the right to dictate what you can own but they can certainly tax it to death. No one is this country needs to make more than 100,000 grand a year. Anything over that should certainly be in the 50% tax bracket. I'm not concerned with individual tax payers but I would like to see corporate profits taxed. Its not like they are getting the money ethically. Corporations make money 3 ways.1: They screw there employees out of a living wage. 2: They screw there customers with over priced products. Or 3: They do both.

[Gandalf_The_Grey]

I don't think the government has the right to dictate what you can own but they can certainly tax it to death. No one is this country needs to make more than 100,000 grand a year. Anything over that should certainly be in the 50% tax bracket. I'm not concerned with individual tax payers but I would like to see corporate profits taxed. Its not like they are getting the money ethically. Corporations make money 3 ways.1: They screw there employees out of a living wage. 2: They screw there customers with over priced products. Or 3: They do both.

Nobody should make over $100,000 a year? Sounds like socialism to the extreme. What incentive should there be, then, for anybody to work to aquire the skills of higher-paid possitions? I suppose if I spent 4 years in sciences, another 4 years in med school, another 2-7 in practicum, and another 3-5 in a specialization in medicine, as I would like to do one day, there should be no financial incentive or any kind for committing 18 or so years of my life to becoming a medical specialist. Economies and professions aren't built on good will and pixie dust you know.

[justastoner]

why does it matter how many houses McCain has? He is from a well established family and his wife has lots of cash, yet Obama lets his brother live in a hut? Hides all sorts of stuff and we have to go with his campaign or be labled as a racist? That is too funny!

all this feel good politics with the stench of affirmative action is nauseating and will be the death of this country.

how the heck could obama be considered presidential material? it is INSANE he knows nothign, has done nothing and is controlled by the far left and the weak minded.

change, change, change we can believe in! good grief. he will raise the hell out of taxes and has already said so, has NO energy plan and wants to 'talk' with the foreign powers that have said they want to either impose their ways on us or kill us yet this joker thinks he can rationalize with them as they get stronger every day (great way to build up your strength to fight the USA)

the full term abortions left to die is self explanatory but if its anti-bush/mccain I guess thats ok, isnt it obama supporters?

what about rev. wright and the ayers controversy? "oh thats ok,it isnt what it really is" seems to be the response from the dems (i call that pissing in my ear and tellin me its raining instead)

the lkist goes on and on about obama but nobody cares, and it appears to me alot of people on this board (and some ADMITTED) they care nothing about his economic/military/energy/future of USA plans, as long as they can have medical marijuana (which he is against). I call that STUCK ON STUPID. Giving up everything for Irie good times because your parents wont let you smoke pot or 'whatever' the reason is a sign of your own selfishness and immaturity.

just whak.

[Iguana]

I don't think the government has the right to dictate what you can own but they can certainly tax it to death. No one is this country needs to make more than 100,000 grand a year. Anything over that should certainly be in the 50% tax bracket. I'm not concerned with individual tax payers but I would like to see corporate profits taxed. Its not like they are getting the money ethically. Corporations make money 3 ways.1: They screw there employees out of a living wage. 2: They screw there customers with over priced products. Or 3: They do both.

Income taxes themselves are bad. Progressive income tax rates are right out of the Manifesto. A sales tax with adjustments for the truly poor would be better. In actuality, corporations don't pay taxes, their customers do. Prices are just adjusted to reflect the increased cost of doing business. Your view is a bit too cynical, even for me!

[dragonrider]

This is more of an appearance problem for McCain than anything. There is nothing wrong with very, very rich people like McCain and his wife owning multiple properties for their own pleasure and for investments so that they can become even richer.

The problem for McCain is that he seems out of touch with the kinds of problems other people face. Voters who have seen their incomes go down over the past 8 years and who have seen the record numbers of people losing thier homes to foreclosure look at a person like McCain who owns so many houses he doesn't even know how many and who defines being "rich" as making over $5,000,000 a year, and they wonder if he understands their problems. Can he relate at all to having a lowered standard of living?

There is nothing wrong with being rich. But most people are not rich, and there is nothing wrong with them wondering if a rich guy will have their interests in mind as president.

As for the video --- that woman is a dumbass for getting into a mortgage that could adjust as high as 15% if she could not afford that kind of payment. That's just stupid. And the underwriters were stupid for not qualifying her for a payment based on a 15% rate if the rate could adjust that high. That's just stupid too, but the difference being that the underwriter should have been expected to know better.

[Surfnbird]

personaly im upset on the two party system. cuz i think both candidates are not fit to be president. i vote green party since when you vote green your telling the system your not happy with it. in many countries they have many politicial parties that have strong support.

[SFGurrilla]

On my note.

I don't agree with this video.

People do ANYTHING for money, I don't judge anyone.

Money is hard to come by in large quantities unless your smart.

McCain has a lot of it, he worked hard for what he has.

That lady took out a loan to big, has all the features in body behavior and speech of a liar.

You can't prove someone is evil, you have to see through actions and not assets. People need to stop premeditating things and look at the real deal/picture/reality of things.

Just my thoughts.

I wouldn't vote for Obama though if you payed me.

Thats another story.
:rastasmoke:

[dragonrider]

McCain actually owns so much property that if he just visited each of his houses and yelled, "Drill here! Drill now!" we'd probably find enough oil to last the rest of the century. That's why we don't have enough oil --- McCain's snapped up all the oil fields for land for his collection of manisons.