So while the stern recording was amusing/sad, i prefer Jay Leno’s Jaywalker Allstars, primarily because it’s in video
One of my lawyers here in Canada shared his pet peeve with me really early in our relationship: Man on the Street interviews.
i believe i’ve got the quote right here:
“What the F#$K do i care what some guy in the street thinks about anything?”
I was just saying to my wife, that i bet at least 1/3 of the supporters of each candidate probably would be against many of the policies their candidate has, if they actually new.
I certainly don’t like all of Obama’s ideas/proposals, but i know why i’m voting for him and against the republicans. Democrats would have to actually do every stupid thing Republicans try to attribute to them before i’d consider changing sides.
Here are the two worst ideas i’ve heard so far:
McCain today – Lower Capital Gains tax to 7.5% from 15%, to “help encourage investment”. So, I pay 35% for each dollar i earn over 250,000 for my job, but i pay 15% on capital gains. Does the 7.5% drop really change my desire to earn every dollar i can as a Capital Gain? Isn’t my current strategy “Seek income via capital gains” already doing what this tax cut seeks to do? Once it’s lowered won’t i just cash out any gain i have left to take advantage?
Obama – Raise Capital Gains (possibly back to the same as earned income) from 15% to as much as 35%. This would cause everyone to cash out any gain before the taxes were raised. Raising the tax to “earned income” rates without indexing for inflation, would cause most investors to abandon growth stocks, in favor of dividend paying stocks, bonds or CDs, which would make raising money for new/risky ventures extremely tough. If i’m paying the same tax rate on captial gains for risky stocks as i would for a CD or bond. Raising from 15% to 20% might help raise revenues without rocking the boat too much, but people will still try to liquidate all gains prior to the tax increase.
So, there is what one man on the street thinks. Does anyone give a….. :roflmao: