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Newsgroups: alt.politics.economics, misc.invest.stocks, alt.politics.usa.republican, alt.society.liberalism
From: Vide...@tcq.net
Date: Wed, 13 Jun 2007 21:08:14 -0700
Local: Thurs, Jun 14 2007 12:08 am
Subject: Re: Make the Rich Richer, and They'll Invest----Badly!
On Jun 13, 9:23 am, me <oconn...@slr.orl.lmco.com> wrote:
> You have two things going on here, both of them influenced by correct, that is one of the cornerstones of conservative free market > governments role in the economy. 1) Folks are willing to risk > fairly large amounts with the chance to possibly make higher > returns. The folks arranging these loans rarely hold them but > in fact sell them to people hoping to make more income. This is > influenced in many ways by the fact that capital gains are taxed at > a lower rate than income. economics. so it makes a difference in who controls the government. the new dealers understood that the wealthy will speculate wildly, and they needed to shackle them. one way was a far more progressive tax formula. under the conservatives tax's have been slashed only for the rich, so walla, speculation is now running wild creating massive bubbles and wild complicated schemes to get even richer. history tells us that this will not end well. So the loans get bought and sold, > and folks hoping they sell and make cash, because they'll another conservative scheme for even more wealth for a few. > get taxed less on the capital gain, than on the interest paid. > So there is only so much interest in actually having the load they have even cleverly repackaged debt as collateral, amazing. > serviced. > 2) Folks often are looking for investments that have some yep, who cares who gets hurt as long as they make more. > loss risk aspect to them. "Losses" can be sold, or bought, > to adjust ones tax position. They are traded and as such > a very risky loan can become a potential loss to be used, > or sold, to counter the tax effects of other risky but > successful investments. > Treat capital gains like any other income, and hinder the not under conservatism we won't. lets hope that type of economics is > ability of losses to be traded like assets, and much of this > phenomenon goes away. in its last throes. You must Sign in before you can post messages.
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