Comments on: Will The Wealthy Race To Dump Stocks And Other Financial Assets Before The Fiscal Cliff Kicks In?

By: Washington76

Washington76 — Fri, 16 Nov 2012 19:04:00 +0000

“There can be no greater error than to expect, or calculate, upon real favors from nation to nation. It is an illusion which experience must cure, which a just pride ought to discard.”
George Washington

By: Michael

Michael — Fri, 16 Nov 2012 02:12:59 +0000

Hi Richard…. I hope your post was published. I have been going through so much spam, and it might have been deleted. If so, I am very sorry. Michael will be installing a new comment system on this website that will allow your comments to appear right away. Thank you so much* -Temporary moderator

By: Old Man

Old Man — Thu, 15 Nov 2012 22:35:26 +0000

The fiscal cliff is already in. Actually, burnt in. It was burnt in during the decade since 2000, when spending went out of control, taxation went into under-drive, and borrowings went into FICO Score insanity.

“Debt and deficits don’t matter.”
– Dick Cheney

Well, they don’t matter for him! But matters for the country, where it got to the point even the infinite fiat money power of the Fed has hit the ceiling.

The fiscal cliff – you asked for it. You will get it. Tell me if it matters in 2015.

By: Malcolm Reynolds

Malcolm Reynolds — Thu, 15 Nov 2012 21:44:15 +0000

Put your name on that list at your own risk. It’s like standing up and proclaiming, “I will not clap for you Joseph Stalin”

By: Paul

Paul — Thu, 15 Nov 2012 18:54:07 +0000

Right on…God is in control

By: phelps

phelps — Thu, 15 Nov 2012 15:03:51 +0000

They won’t be taxed at all. They didn’t get rich by being dumb. They will just move their dollars to a more favorable market, or country. The Asian countries are much more friendly to their businesses and wealth so they will seek shelter in Asian markets.

If you really want the rich to pay more in taxes then have a flat tax of 15%. They won’t mind paying it and the gov will get at least some, and possibly more revenue. This new way will ensure the gov gets no, or less revenue from the wealthy.

Good day.

By: phelps

phelps — Thu, 15 Nov 2012 14:59:33 +0000

What fool would just sit back and watch their wealth disappear when they can do something to stop it? No one.

Without wealthy investors many of the companies in business today would not be here. I work for one now. This co. sold stock so that the bus. would grow; people bought stock and it is a worldwide co. employing thousands of people. Thanks to Obamacare many of us will now have our hours reduced from 40 to 25.

Obama, the Dems and Repubs are only punishing those who get their wealth through private companies. They will not repair the rigged game for those making fortunes off the public sector, or via their insider knowledge they gain from gov employment. Both Dems and Repubs make fortunes buying stock that they know will go up when certain pieces of legislation is signed into law. They also know they can never lose money when their bets go bad because they can simply get bailed out by congress since they have all the tools at their disposal to do so.

Folks, we getting tag teamed from the left and the right. The road to hell is paved with bad intentions masked in the veil of the public good.

Good day.

By: Stephan Larose

Stephan Larose — Thu, 15 Nov 2012 12:28:01 +0000

you are either blind or an idiot if you think the “righteous” won’t go hungry. They die of hunger in droves each and every day. Your own salvation lies in your abilities to think critically and build community, that alone can save you. Religion is just a bunch of myths that give incentive to irrational intolerance and prejudice, you would be wise to put away such childish notions and use the full potential of your brain to heal those both of and outside your “faith.” Best of luck.

By: SmallerGovNow

SmallerGovNow — Thu, 15 Nov 2012 12:06:33 +0000

Define “rich” Gary. Who gets to define this? That is the problem. A person making 12,000 a year might think someone making 30,000 per year is rich. So let’s tax that person at 50% and they will still be making 3,000 more per year than the one making 12,000. No Gary, we have a spending problem. Go look at the President’s 2012 budget and you will see that the numbers don’t add up. Oh sorry, forgot you cannot do the math…

By: RainyDay

RainyDay — Thu, 15 Nov 2012 05:03:50 +0000

I can relate. I’m 30 and so wish I had not been such an idiot in my early twenties. Time does indeed fly by once you hit 30. I’ve felt the need to declutter and simplify big time!