For instance, why should public universities be paid for by the graduates? Are public elementary and high schools paid for by high school seniors?
Why a carbon tax but no federal subsidies for environmentally-friendly construction?
How's that supposed to fix things? And "health reform" isn't health reform without a public option… full stop.
I'm beginning to think Malor is Reich's metafilter account. Which is meant as praise for both of them.
Sell before 1 year: 90%
Sell between 1-2 years: 60%
Sell 2-3 years: 50%
Here is why capital gains being taxed at the same rate as regular income isn't good: we WANT people to invest money.
What happens to the quality of American public university education when the people graduating can't get jobs because new businesses aren't getting financed and existing work has been moved offshore by greedy fuckers that, more than likely, will never even see the inside of a public school? -- Civil_Disobedient
Public schools are paid for primarily with property taxes. From property owners. Not from un– or under-employed college graduates paying rent. -- Civil_Disobedient
Wrong. I thought I was pretty clear on who's paying for this: the people that can afford it (a.k.a., the filthy rich). -- Civil_Disobedient
One of the things Reich misses is the way capital gains and dividends are taxed at a lower rate than payroll...if you're rich, that is. If you're an average worker, they're actually taxed at a higher rate than your pay.
American families kept spending as if their incomes were keeping pace with overall economic growth
The article ignores or glosses over all the deeper structural problems. There's no discussion of the fact that an economy literally built on debt inevitably requires these destructive phases from time to time.
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