DRII
G.O.A.T.
Please...
its ridiculous to compare the average mutual fund holder to someone like Mitt Romney. And lets not pretend his 'blind' trust is really blind; people with common sense know better...
Sam Groth: "I make no money on tour"
- Thread starter jdubbs
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Please...
its ridiculous to compare the average mutual fund holder to someone like Mitt Romney. And lets not pretend his 'blind' trust is really blind; people with common sense know better...
ChanceEncounter
Professional
Right, we should punish people for being successful.
We should make policies based on arbitrary denominations of wealth. That couldn't possibly be unfair.
BreakPoint
Bionic Poster
Yes, Bill Clinton. He got lucky with the 90's dot-com and tech bubble so he collected way more revenue than expected from all the people cashing in their stock options. But instead of paying down the national debt with that extra money, he applied it to the current budget. That is the myth of the Clinton "surplus". There was no surplus. We were still in massive debt.
DRII
G.O.A.T.
Yea and thats why they should release their tax returns!
Romney's father felt that way...
ChanceEncounter
Professional
He did release 2 years of his tax returns. That's been acceptable to everyone in the past. McCain released 2 years of his tax returns. Clinton released 2. Obama decided to release 4 years, but that's not expected. Why should Romney have to release 10 years of tax returns? Your philosophy makes no sense. Yes, let's make successful people have less rights.
DRII
G.O.A.T.
I don't think releasing your tax returns is a form of punishment.
BreakPoint
Bionic Poster
Um...yes, we do. Romney released his last two years of income taxes. You can look it up.
And what the heck is "the GFC"?
DRII
G.O.A.T.
He did release 2 years of his tax returns. That's been acceptable to everyone in the past. McCain released 2 years of his tax returns. Clinton released 2. Obama decided to release 4 years, but that's not expected. Why should Romney have to release 10 years of tax returns? Your philosophy makes no sense. Yes, let's make successful people have less rights.
Thats not true. McCain was the first presidential candidate to release only 2 years of tax returns in a very long while, breaking precedent...
Either way, its a different context with Mitt Romney. Any person running for president with his amount of wealth and overseas dealings should release their tax returns...
But back to the original point....
I don't see why tennis players HAVE to make money. We play for the FUN and the exercise.
Surfing...at least equal in participation and interest as tennis, the guys outside the top 75 don't make any profits whatsoever, and the top 75-25 usually stay multi to a room, eat crap, and sleep on the floor.
Skateboarding is much more popular than tennis. Waaay more participants. The top 50 do OK, kids who live on 15 bucks a day, while the top 4 actually make some profits.
Motocross..considering the expense of the equipement..6,000 for the bikes, that much again in modifications, travel, only the factory riders and a handful of sponsored by accessory manufacturers make any money, while the other half of the field get to foot their own bills travelling all across the country.
I don't see why tennis players HAVE to make money. We play for the FUN and the exercise.
Surfing...at least equal in participation and interest as tennis, the guys outside the top 75 don't make any profits whatsoever, and the top 75-25 usually stay multi to a room, eat crap, and sleep on the floor.
Skateboarding is much more popular than tennis. Waaay more participants. The top 50 do OK, kids who live on 15 bucks a day, while the top 4 actually make some profits.
Motocross..considering the expense of the equipement..6,000 for the bikes, that much again in modifications, travel, only the factory riders and a handful of sponsored by accessory manufacturers make any money, while the other half of the field get to foot their own bills travelling all across the country.
ChanceEncounter
Professional
You're right...
http://www.taxhistory.org/www/website.nsf/web/presidentialtaxreturns
Clinton, Reagan, Bush, etc didn't even release their pre-election tax returns. Tax returns are private and protected by law. There should be no obligation for people to release them.
Just because Romney is more successful than most does not mean he should have fewer rights.
ChanceEncounter
Professional
Because people don't understand the difference in value between the top guy and the fringe guy. All they see is "Federer makes millions so he should share" without any regard to the fact that Federer earns his millions, and for the amount of revenue that he generates through his high profile, he is actually underpaid, whereas the qualifiers taking in first round paychecks are actually overpaid, because they generate almost no revenue for the tournaments.
BreakPoint
Bionic Poster
It's also no one else's business. Releasing your tax returns is not a requirement for the office of the President of the United States. It's nowhere in the Constitution. The only three requirements are that you have to be at least 35 years old, have to be a natural born U.S. citizen, and that you must have lived in the U.S. for at least 14 years. So I don't understand why more people are interested in seeing his tax returns than seeing his birth certificate and passport to verify that he's at least 35 years old, is a natural born U.S. citizen, and that he's resided in the U.S. for at least 14 years.
BreakPoint
Bionic Poster
So what's wrong with this?
Investments in companies creates jobs and society as a whole benefits. Investments in companies in China have created tons of millionaire owners and millions of new jobs. China as whole has benefited tremendously as a result. They are on course to becoming the world's biggest economy within the next 30 years and they will be richer than the U.S. Heck, maybe they already are since they lend us money and we have to borrow if from them to survive.
DRII
G.O.A.T.
I assume there are 'official' agencies, let alone the national parties themselves that do all of that vetting to even allow any candidate to be nominated and run for office...
However, both Romney and Obama are not the most 'apple pie' of candidates with very lets say unique histories and back grounds from 'normal' or average other presidential contenders.
The main reason i did not vote for Obama the first time is because he was just a little too 'new' for me... However, i will be voting for him this time (which probaly means he very well may lose the election); he's done a reasonable job and now has experience. Romney, although seemingly a good man, is just too secretive and refuses to denounce the very policies that got us here (bad economy) in the first place...
DRII
G.O.A.T.
And you're ok with that...
It trips me out that the penchant republicans have for so called success is far stronger that what used to be a republican mainstay (patriotism); to the point that they advocate policy that benefits foriegn nations so the ultra wealthy can also benefit :twisted:
Tournament Player
Banned
They seriously need to increase the prize money for the lower ranked guys
BreakPoint
Bionic Poster
The capital gains income tax rate is the same for EVERYONE. You, me, and yes, even for Mitt Romney.
And who cares if his trust is really blind or not? Do you think Obama's millions are also really in a "blind" trust?
DRII
G.O.A.T.
Obama didn't really make any substantial money until he started to run for president and his book sales went way up...
completely different than with Romney.
ChanceEncounter
Professional
Oh, so it's okay to profit off of the celebrity of the presidency, but it's not okay for wealthy people to run for office.
I see...
BreakPoint
Bionic Poster
My point is that investment capital creates wealth for everyone and benefits society as a whole, not just for the investors. Thus, to encourage more investment, capital gains SHOULD be taxed at a lower rate or perhaps not even taxed at all since that investment money has already been taxed before. Salary income benefits mostly the salary earner and has not yet been taxed before.And you're ok with that...
It trips me out that the penchant republicans have for so called success is far stronger that what used to be a republican mainstay (patriotism); to the point that they advocate policy that benefits foriegn nations so the ultra wealthy can also benefit :twisted:
There are lots of rich people in China now as compared to 30 years ago because China now allows its own citizens to start, own, and invest in businesses, which has also created millions of jobs which wouldn't exist otherwise. This has benefited China tremendously economically.
Maybe if the capital gains and corporate tax rates in the U.S. were even lower, it would encourage more Americans to invest inside the U.S. instead of elsewhere.
BreakPoint
Bionic Poster
But what difference does that make? Obama still has multiple millions in net worth which I'm sure is invested somewhere somehow. How do we know his money isn't invested in oil companies?
tenniscasey
Semi-Pro
Remember when this thread was about tennis?
r2473
G.O.A.T.
Isn't it clear that Sam Groth is part of a wider conspiracy?
He's just the tip of the iceberg man.
SoBad
G.O.A.T.
I feel that Bush Sr could benefit from relaxing his wrist more on the forehand side. Is it just me or do other people feel the same way?
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