Ways to pay for "capitalist welfare" you WON'T hear from the investor class. (Encore!) [View All]

[TahitiNut]

(Sometimes, two weeks seems like an eternity.)

Facing a welfare tab in the HUNDREDS of BILLIONS - some say up to TWO TRILLION - you won't hear the 'leadership' promulgate

• a national sales tax of 1-2% on the sale or exchange of corporate stock EXCEPT for IPOs,
• a short-term (under 1 year) capital gains tax surcharge of 10-20%,
• an export tax/tariff on capital,
• a change to GAAP/FASB and tax law that requires executive compensation to be an AFTER-TAX expense,
• any prohibition on corporations owning corporations.

Gee... I wonder why?
:eyes:

Let's add ... reversal of the legislation that allows someone like Michael Bloomberg (who has little "ordinary income") to sell off assets in 2008, 2009, and 2010 and realize MILLIONS or BILLIONS in long-term capital gains and pay NOTHING IN FEDERAL INCOME TAX ON THOSE GAINS! Nothing! 0%!

http://taxes.about.com/od/capitalgains/a/CapitalGainsTax_4.htm

Still listening. :eyes: