tag:blogger.com,1999:blog-7821345570811107481.post620944111247275563..comments2024-03-17T00:13:44.599-07:00Comments on Marty Nemko: Ron Paul Strongly Opposes the BailoutMarty Nemkohttp://www.blogger.com/profile/14850388752934193821noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7821345570811107481.post-51912954903507072632008-09-25T22:46:00.000-07:002008-09-25T22:46:00.000-07:00I particularly like how a small band of Republican...I particularly like how a small band of Republicans is trying to shoehorn in a capital gains tax CUT in the bill. <BR/><BR/>Very nice. <BR/><BR/>Those who are being bailed out by the rest of us will be paying less in taxes on gains they may have made as they hurried to close out positions and increased the volatility of the market? <BR/><BR/>I've never thought there should be a capital gains tax rate. If you make money, you pay taxes on it per your tax bracket. <BR/><BR/>The discount on taxes for capital gains is a stark example of the fact that we do not have a free market; we're rewarding one class of income disproportionately. Strangely enough, that class of income tends to be popular with those with the most political power. Just a coincidence, I'm positive. <BR/><BR/>And now we're moving to increase the disparity further? <BR/><BR/>Nice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-13337745076671587872008-09-25T20:28:00.000-07:002008-09-25T20:28:00.000-07:00Motley Fool is floating this idea:Treasury Secreta...Motley Fool is floating this idea:<BR/><BR/>Treasury Secretary Henry Paulson has put together a plan that is actively under debate and allows the Treasury to invest in assets that are crushing bank balance sheets. We view this plan as being an important step in allowing the global financial system to recapitalize itself. We agree with financial intellectual titans Warren Buffett and Bill Gross, as well as both presidential candidates, that the Paulson Plan needs to be passed and will benefit Main Street.<BR/><BR/>However, the plan should embrace the tenets of free-market capitalism. The government should demand equity stakes in the banks. <BR/><BR/>Just look at who is doing a lot of buying of late -- Warren Buffett.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-36866882720285756162008-09-25T13:45:00.000-07:002008-09-25T13:45:00.000-07:00Thank you, Anonymous. That makes good sense to me....Thank you, Anonymous. That makes good sense to me.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-30401162322126947942008-09-25T13:43:00.000-07:002008-09-25T13:43:00.000-07:00What would happen if there was no taxpayer bailout...What would happen if there was no taxpayer bailout? (I say "taxpayer" rather than "government" to indicate who's really funding the bailout.) If there were no taxpayer bailout, and we dealt with the undoubtedly painful consequences of our and the nation's actions, is there a chance that we might learn something?<BR/><BR/>Might we learn that we the taxpayers need to play a more active role in controlling our government, which is supposed to represent and act for us? Might we learn that excessive spending is not such a good idea? Might we watch our own dollars more closely, as many Depression survivors did? <BR/><BR/>The government might not have learned from history, but Depression survivors did. I wonder, what will today's citizens learn from today? My guess: if we are not allowed to hit rock bottom and recover, we won't learn anything.Anonymousnoreply@blogger.com