President Barack Obama Message Board

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Politics : President Barack Obama

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To: ChinuSFO who wrote (144103)	7/6/2014 6:17:55 PM
From: mel221	Read Replies (1) of 149317

Forget the tax breaks. The government is not letting me keep more of what I earn... that's Reaganonmics. No, the government is borrowing vast amounts of money and depositing it into my portfolio... completely unearned and risk free wealth transfer. The sums are so embarrassingly large, that I, a tea party American, can even support an increase in the capital gains tax rate. After all, why wouldn't I agree to a deal where the government gives me $100.00 in exchange for me giving an extra $10 back to the government. Easy Money... Easy decision. So yes, in this era of QE, this era of the Federal Government giving money directly to rich people, I can support higher tax rates as long as the era continues. Do you support QE, the policy of government borrowing money to increase asset prices (assets owned by the rich people)?

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