[tomder55]

Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision.

That's because a Barack Obama administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."

Huizenga aim: Sell at '07 capital-gains tax level -- South Florida Sun-Sentinel.com

Many economists would equate what Obama has in mind with socialism. Among them is the late F.A. Hayek, a one-time socialist, who wrote a book on the dangers of socialism titled "The Road to Serfdom." When it debuted in the final days of WWII, socialism unambiguously meant the state control of the means of production and central economic planning.
But decades later, in a new preface, the Nobel Prize winner wrote that "socialism has come to mean chiefly the extensive redistribution of incomes through taxation and the institutions of the welfare state." Yes, that's Obama's economic plan.
He concluded that even this softer socialism means reduced economic liberties, opportunities and living standards for all.
According to Marxist theory, socialism is the stage between capitalism and communism where private wealth is distributed for the benefit of all. It's a romantic notion because hardly anyone is willing to share their wealth with strangers.
So to get from theory to practice, force must be used. Wealth must be taken by the state — and not by a faceless bureaucratic machine, but rather by flawed humans with their own selfish ambitions and ulterior motives. They decide who gets what, taking cuts for themselves and their cronies in the process.
Think ex-Fannie Mae CEO Franklin Raines and ACORN.
Socialism is centralized power. That's why socialist movements, which often begin as cults of personality, usually end in fascism. Witness Stalinism, Maoism, Castroism — and, yes, Nazism, which, as Hayek noted, stands for "National Socialism."
Again, almost every major society that started with socialism has ended badly. Socialism has been refuted repeatedly, yet that hasn't stopped neo-Marxists — hiding now behind the title "community organizer" — from dreaming their dreams of collective sacrifice for collective good.
They see capitalism with its profit motive as vulgar and immoral because it's at odds with altruism — the idea that the general welfare of society is the proper goal of individuals.

http://www.ibdeditorials.com/IBDArti...09998752298369

[NeedKarma]

Good luck with the talking point, I'm sure it will resurrect the McCain campaign. Keep hammering the "communist" angle - we're amused.

[Merris]

Good luck with the talking point, I'm sure it will resurrect the McCain campaign. Keep hammering the "communist" angle - we're amused.

I agree. But rather than amused, I'm just bored. McCain is a hypocrite because he has spoken of tax fairness himself and in fact so have other republicans. This is only an empty campaign gimmick and nothing more.



(Edited to remove some info for later thread)

[inthebox]

LOL... Oprah publicly endorsed Obama an in fact, the wealthiest man in the WORLD and the most successful investor in the world, Warren Buffet has publicly endorsed OBAMA and thinks his tax plan is better. So that leaves the question: Why aren't you? The answer is that there isn't any logical reason why... you are just grasping at straws and rejecting something that is common sense because you have some irrational loyalty to a party that is FAILING YOU and EVERYBODY ELSE ON THIS BOARD. That's why.

Edited to add:

Some of Obama's other endorsements:

Marc Andreesen (co-founder of Netscape)
William Louis-Dreyfus (billionaire investor)
George Soros (billionaire investor)
John Thompson (CEO of Symantec)
Eric Schmidt (Chariman/CEO of GOOGLE)
Indra Nooyi (CEO of Pepsi)

You did not aswer the question. Would you, Merris, go up to Bill Gates, or anyone making more than the 250 k per year and ask them to give you more of their money?

This is what Obama wants.

He has no shame. The generation that grew up before the 60s, such as my parents, would never ask for such a handout, and would give back the money that you wanted to give them.

But somewhere in the last 2 generations, a greater percentage of people have such class and money envy as to expect or feel entitled to more and more of that rich person's money instead of striving to do it on your own.

I noticed you went to the typically personal attacks and assumptions about party loyalty while completely ignoring the IRS's own objective facts about who pays taxes.

97% of taxes are paid by the top 50% wage earners. 3 % of taxes are paid by the bottom 50% of wage earners.

Obama wants to give more to those who don't even pay federal taxes.

[inthebox]

Merris, if you want more money why don't you ask Obama for part of the 150 million in donations he got?

Why don't you personally ask Oprah or Soros for their money?

Why should they not personally spread their wealth to you?

[Merris]

Merris, if you want more money why don't you ask Obama for part of the 150 million in donations he got?

Why don't you personally ask Oprah or Soros for their money?

Why should they not personally spread their wealth to you?

You keep trying to make this personal and then keep missing my point that it's not. You are asking me if I want Bill Gates to write me a check. If Obama is elected, I might get lower taxes but the money Bill Gates will be chipping in will also be going to pay for programs that I do think are very important -- even if you don't. I am not voting for Obama for some wealthy person to save me some money on my taxes. There are a million reasons I'm voting for Obama and my own personal savings on taxes resides pretty far down on that list. I'm not looking out for only myself. I know that's a hard concept to grasp for some around here. Some people legitimately need help and last I checked, churches don't provide medical care.

We have a ten trillion dollar deficit now, largely because the republicans have started an ideological war that by its very nature, defies decisive victory and we can't afford to keep hanging on for something that just isn't going to happen.

The bottom line? You wanted the war, but now you don't want to pay for it.

You know how McCain wants to pay for it along with his planned tax breaks for the wealthy 1%? He wants to cut funding that is helping to preserve wildlife and he wants to cut medical care for children, the elderly and the disabled. This means people dying. Many so called "fiscal conservatives" are voting for a party that appears to not even know the definition of the term "balanced budget." You know how John McCain is going to make up most of the lost income for his tax breaks besides cutting programs for the people? He's going to borrow borrow borrow from China. I don't know about you, but being beholden to a fascist country with a population of 5 billion makes me more than a bit nervous. We need to start paying for things ourselves and we need to adopt the pay as we go mentality of the Clinton years. Clinton was fiscally conservative. I'm beginning to think that many republicans have some romantic notion of fiscal conservatism but don't like the reality of what it takes to achieve that goal.

McCain's actions, just like Bush, are marked by impetuousness and an act now, think later mentality. He quickly chose Sarah Palin without fully knowing what she was about or that she knows absolutely nothing about foreign policy or anything else for that matter. He suspended his campaign to get his party to pass the bailout plan that they ended up rejecting, causing him embarrassment. He ran around, raised the panic level and accomplished nothing. And now Joe the Plumber is his guest star on the campaign trail. It's just too ridiculous for words. I'm honestly just embarrassed for him at this point.

Obama, on the other hand, has always remained calm, cool and collected. He speaks with sense and yes, compassion (whether you think that's important or not).

So I guess this is the point where we just have to agree to disagree.

It's time to focus energy elsewhere and yes that means volunteering for Obama and getting out the vote. So peace to you and yours! :)

[inthebox]

Merris

you keep avoiding the question.

"You are asking me if I want Bill Gates to write me a check. If Obama is elected, I might get lower taxes but the money Bill Gates will be chipping in will also be going to pay for programs that I do think are very important"

How do you think he is going to pay for the programs he proposes or the refunds and tax credits for those who do not even pay federal income taxes?

And it is personal, when someone works hard to make a living and raises a family and the government keeps raising taxes and taking more and more of your take home pay - it is personal.

Have you ever looked at the IRS's tax brackets - educate yourself and understand that those who make more do pay a greater percentage of their income already.

The other side of the equation is reducing government spendng , which you hardly hear from Obama, other than his turn tail and run away in defeat in OIF and OEF.

How about cutting funding to ACORN for starters?