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

To: Fiscally Conservative who wrote (746884)	10/15/2013 8:09:55 PM
From: TimF	2 Recommendations Recommended By d[-_-]b tonto Read Replies (1) \| Respond to of 1579334

Count retirement accounts, and stocks held in pensions and a you have a rather large number of Americans who are affected by higher taxes on dividends directly. More important than that is the indirect general effect on the economy. Which is not to say that some sort of hyperbole like "it will destroy the economy" makes any sense. The economy can absorb quite a lot of negative things, including things bigger than your idea without being destroyed. But its still a bad idea.

To: Fiscally Conservative who wrote (746884)	10/16/2013 1:21:27 AM
From: i-node	1 Recommendation Recommended By TimF Respond to of 1579334

>> Most Americans do not depend on Dividends for Income. Of course they do. If you cut the net dividend (i.e., the after-tax dividend), investment capital will find better alternatives. Decreased investment capital means fewer jobs, reduced economic growth, and everyone suffers. In fact, the people who would suffer most are the wage-earners who no longer had jobs because capital investment went somewhere else. Not to mention the inherent unfairness in taxing money more heavily that has already been taxed.