robert.b.ferguson

Would Trickle-Down Policies Really Help All Americans?

While the article has very little to do with investing directly it's interesting to note that SEN Obama will rais taxes on investing of all types from interest on savings accounte to capital gains. Therefore if you have a SIV (IRA/401K) your retirement plan will take a hit. If you invest in a brokerage account either margin or cash your investment proffit will take a hit. So in that respect SEN Obama's plan will hurt the very people he claims to want to help. As a general rule a rising tide floats all boats I don't want to get punnished because of class warfare among politicos. Bear in mind that the "working poor" do not pay taxes so a tax cut for them is out of the question. I suppose we could give them a some sort of hand out oh yea we already do we call it earned income credit. Taking a few more crumbs from wealthy people and giving it to the least wealthy among us will not solve thier problems.