tag:blogger.com,1999:blog-7895164153505105997.post6031444871844034711..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Job Creators don't Need to Create JobsBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7895164153505105997.post-25493986990081388572014-01-03T14:19:48.982-08:002014-01-03T14:19:48.982-08:00I forgot to mention (how could I forget?)
If you ...I forgot to mention (how could I forget?)<br /><br />If you include the 3.8% surtax on capital gains to expand Medicaid under Obamacare, the capital gains tax rate (starting in 2013) went up to 23.8% after the Bush tax cuts were allowed to expire (but it's still well below the top marginal income tax rate of 39.6% for regular income) --- and that's the REAL reason why the GOP wants to repeal Obamacare.<br /><br />The combined wealth of the richest 400 Americans is over $2 trillion.<br /><br />See my post "Taxes: How Congress Lets the Rich Pay<br /> <br />Lesshttp://bud-meyers.blogspot.com/2013/09/taxes-how-congress-lets-rich-pay-less.html<br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-2493290341951494602014-01-03T14:00:58.975-08:002014-01-03T14:00:58.975-08:00 - - - Summation --- (If you wish to forward this ... - - - Summation --- (If you wish to forward this link to someone)<br /><br />Since George W. Bush, the labor market tanked, but stocks skyrocketed.<br /><br />The labor force participation rate hit its last all-time peak in April of 2000 and the employment-population ratio hit its all-time peak in December 2001 --- both, just after George W. Bush first took office. Since that time, they have both steadily declined to 30 and 35 year record-lows (respectively).<br /> <br />Now consider this: The Bush tax cuts of 2001 and 2003 were supposed to create jobs, but according to the labor force participation rate and the employment-population ratio, those tax cuts had just the OPPOSITE effect.<br /> <br />Meanwhile, during that exact same period of time, the stock markets hit all-time highs in 2007 (just before the Great Recession) and they have recently surpassed those record all-time highs with new all-time highs by the end of 2013.<br /><br />http://bud-meyers.blogspot.com/2014/01/job-creators-dont-need-to-create-jobs.html<br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-56703171260156186532014-01-03T12:49:40.453-08:002014-01-03T12:49:40.453-08:00The stock market indicates how well the rich are d...The stock market indicates how well the rich are doing. And they are doing quite well hording all their ill gotten gains at the expense of the middle class and the poor. The rich are using artificially low interest rates and the 85 billion dollar per month stimulus money (as of last month 75 billion) to buy stocks and become filthy rich. The top 1% prosper and the rest wither on the vine.Anonymousnoreply@blogger.com