SOTU

FallinAgain · January 2012

boxerfan:
FallinAgain:
I cringed more at pulling federal funds from colleges that don't stop raising tuition.
That was a low point for me as well. That's just going to make it even harder for average people to afford to go to a top school.

Or any school at all.

AngieP900 · January 2012

FallinAgain:
AngieP900:
KristenBtobe:
Mans I don't thing making kids stay in high school until graduation or age 18 is a good idea.
Gah, me too Kristen. I cringed at that.
I cringed more at pulling federal funds from colleges that don't stop raising tuition.

Really, all the education talk was a low point.

KristenBtobe · January 2012

FallinAgain:
KristenBtobe:
FallinAgain:
AngieP900:
KristenBtobe:
Mans I don't thing making kids stay in high school until graduation or age 18 is a good idea.
Gah, me too Kristen. I cringed at that.
I cringed more at pulling federal funds from colleges that don't stop raising tuition.
Yeah I didn't love that either. And really, to make a broad sweeping statement here community colleges aren't doing people many favors.
Why?

As an example, our community college has like a 30% graduation rate for associates' degrees, if that. It's shocking. And even people that transfer to a 4-year aren't very likely to finish. So unfortunately people really aren't getting better jobs or advancing their wages. And don't get me started on the for-profit colleges. Ugh.

BobLoblaw · January 2012

For-profit colleges make my heart hurt.

audreyhorne · January 2012

CaptainSerious:
audreyhorne:
FallinAgain:
audreyhorne:
FallinAgain:
audreyhorne:
Mitch McConnell is an actual turtle, yes?
Also, I'm sure Buffett's secretary makes plenty of bank.
But not so much bank she should be paying a higher tax rate than he does.
Depends on what his salary is, I suppose. He could be making $45,000/year salary plus investment income; both are taxed at 15%. If she makes $70,000 with no investment income, she's at 25%.
Yes, but I'm opposed to taxing Mitt Romney's $22 million a year at 15%.
Oh, without a doubt. I think income is income, regardless of where it's from. Rhetorical, but wouldn't it make more sense to put a penalty of pulling your money out of the market? Don't companies need that cash?
I just had Nelson Muntz's "And a helluva lot of stars" run through my head.
WTH should a person be forced to invest, especially if they think its a poor decision? It's their own money, afterall. How would you like the government telling you what to do with your money? That's outrageous.

You're completely missing my point. Nowhere did I suggest that anyone be forced into investing, especially by the government. If anything, I'm saying companies should want to raise the capital gains tax rate to encourage REinvestment. Companies, not the government. Encourage, not require. And, it would have the added bonus of treating investment income as, you know, regular income.

_Fenton · January 2012

noisy_penguin:
If there's one thing I hate more than Newt Gingrich and Rick Santorum combined (gross), it's goddamn spineless fuccking Democrats.

thisthisthisthisthisthisthis.

KristenBtobe · January 2012

BobLoblaw:
For-profit colleges make my heart hurt.

I know, right? a couple of my AmeriCorps members are going to one. I'm like, c'mon, you're better off keeping that money than going to Strayer college or some bullshizz.

FallinAgain · January 2012

KristenBtobe:
FallinAgain:
KristenBtobe:
FallinAgain:
AngieP900:
KristenBtobe:
Mans I don't thing making kids stay in high school until graduation or age 18 is a good idea.
Gah, me too Kristen. I cringed at that.
I cringed more at pulling federal funds from colleges that don't stop raising tuition.
Yeah I didn't love that either. And really, to make a broad sweeping statement here community colleges aren't doing people many favors.
Why?
As an example, our community college has like a 30% graduation rate for associates' degrees, if that. It's shocking. And even people that transfer to a 4-year aren't very likely to finish. So unfortunately people really aren't getting better jobs or advancing their wages. And don't get me started on the for-profit colleges. Ugh.

I don't think that's the fault of the CCs, though. I mean, they admit anyone. That certainly carries the risks of a lot of goof ups who will drop out. But I also think that means they provide important opportunities for HS goof ups who are ready to stop goofing up and for non-traditional students who can't fit a big universities in their lives.

For-profit colleges are just a shame.

BobLoblaw · January 2012

KristenBtobe:
BobLoblaw:
For-profit colleges make my heart hurt.
I know, right? a couple of my AmeriCorps members are going to one. I'm like, c'mon, you're better off keeping that money than going to Strayer college or some bullshizz.

Seriously. I had someone call the reference desk once asking for financial aid info for some shady ass transcription school. I wanted to cry. Just go to CC! It's CHEAP!

_Fenton · January 2012

audreyhorne:
Mitch McConnell is an actual turtle, yes?

This gem did not get the appreciation it deserved.

Yes, I think he is.

CaptainSerious · January 2012

audreyhorne:
CaptainSerious:
audreyhorne:

Oh, without a doubt. I think income is income, regardless of where it's from. Rhetorical, but wouldn't it make more sense to put a penalty of pulling your money out of the market? Don't companies need that cash?

I just had Nelson Muntz's "And a helluva lot of stars" run through my head.
WTH should a person be forced to invest, especially if they think its a poor decision? It's their own money, afterall. How would you like the government telling you what to do with your money? That's outrageous.

You're completely missing my point. Nowhere did I suggest that anyone be forced into investing, especially by the government. If anything, I'm saying companies should want to raise the capital gains tax rate to encourage REinvestment. Companies, not the government. Encourage, not require. And, it would have the added bonus of treating investment income as, you know, regular income.

Sorry I'm just getting to this. The thing is, it's not an incentive, it's a penalty. So it's not a encouragement to keep money in, it's a punishment for taking it out. I suppose the only good thing is that I first read it as a penalty for not investing in the first place. What I don't understand is why the government thinks it has the right to punish any of your choices regarding how you use your money, provided of course, that you aren't doing anything illegal with it.

And let's not kid ourselves, the government would be the ones collecting and benefiting from the tax, so it's not the businesses that would be encouraging a tax like this. Businesses are run by people, who are often also private investors. They are the very people who would be taxed by this very proposal.

FallinAgain · January 2012

CaptainSerious:
audreyhorne:
CaptainSerious:
audreyhorne:

Oh, without a doubt. I think income is income, regardless of where it's from. Rhetorical, but wouldn't it make more sense to put a penalty of pulling your money out of the market? Don't companies need that cash?

I just had Nelson Muntz's "And a helluva lot of stars" run through my head.
WTH should a person be forced to invest, especially if they think its a poor decision? It's their own money, afterall. How would you like the government telling you what to do with your money? That's outrageous.

You're completely missing my point. Nowhere did I suggest that anyone be forced into investing, especially by the government. If anything, I'm saying companies should want to raise the capital gains tax rate to encourage REinvestment. Companies, not the government. Encourage, not require. And, it would have the added bonus of treating investment income as, you know, regular income.

Sorry I'm just getting to this. The thing is, it's not an incentive, it's a penalty. So it's not a encouragement to keep money in, it's a punishment for taking it out. I suppose the only good thing is that I first read it as a penalty for not investing in the first place. What I don't understand is why the government thinks it has the right to punish any of your choices regarding how you use your money, provided of course, that you aren't doing anything illegal with it.

And let's not kid ourselves, the government would be the ones collecting and benefiting from the tax, so it's not the businesses that would be encouraging a tax like this. Businesses are run by people, who are often also private investors. They are the very people who would be taxed by this very proposal.

That's semantics, isn't it? You would be "penalized" (if that's what we're calling being taxed on investment income as though it's personal income, 'cause it is) for taking money out, which is an encouragement to keep it in.

CaptainSerious · January 2012

Not semantics at all. Incentives/encouragement is typically a given reward, not the withholding of a penalty/punishment. So you come out ahead, not just stay even. Of course, I don't think investing should be incentivized, but it certainly shouldn't be penalized, either. The whole point of investing is moving your money around to make a profit, not to let it sit with one account. But if there's a tax each time you move your money, it would deter a whole lot of trading.

FallinAgain · January 2012

Fair enough. I don't think anyone is suggesting it should be taxed each time you switch accounts, just when you take your money home to line your guest bathroom in dollar bills or whatever.

CaptainSerious · January 2012

Perhaps, but right now, every time you sell stock for a profit, that profit is taxed. Would that go away?

FallinAgain · January 2012

I'd been fine with it not being taxed if you are reinvesting it, but it you are taking the profit for your personal use, I can't see how that is not your income and why that should be taxed like income.

CaptainSerious · January 2012

And the capital gains tax goes away? I might be okay with that.

FallinAgain · January 2012

I think so, but I'm no economist so I'm probably missing big red flags.

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