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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (576749)	7/18/2010 11:11:48 AM
From: longnshort	1 Recommendation Respond to of 1570709

Changing Arguments, Obama Administration Now Calls Insurance Mandates ‘Tax Increase’ When selling his health care insurance mandates to the American people, President Obama adamantly dismissed the notion that they were tax increases. Now, faced with a constitutional challenge, the administration insists that the mandates are part of congresses constitutional right to impose taxes. breitbart.tv

To: SilentZ who wrote (576749)	7/18/2010 1:10:14 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1570709

Z, > That's what capital gains and property taxes are for. But your side is against those things. Taxes on cap gains are only realized at the point of sale, i.e. when money moves. Until then, it's just imaginary wealth. I'm actually a proponent of property taxes over income taxes. That's the closest thing to a "wealth tax" you could have in this country. One of the challenges of the tax code is to provide a consistent revenue stream. Cap gains are anything but consistent. Property taxes are more stable (except in recent times where the real estate market was artificially inflated). By the way, there are other ways to "tax wealth." One way is inflation. That's the way banana republics do it, and it's as easy as falling off a cliff. Tenchusatsu