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Thu Jan 24, 2013 4:31 am by Admin



Utopia Forum is almost complete and is now ready for all new members and visitors.

The forum is a little different to here as it uses a single page forum which puts all the topics on one page with important threads globally pinned at the top of the page.

Like i said we are ALMOST complete but we are still playing around and moving things about so please bare …

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Post  TheWatcher on Mon Nov 21, 2011 8:23 pm

http://news.yahoo.com/top-0-1-nation-earn-half-capital-gains-172647859.html
quote/ Capital gains are the key ingredient of income disparity in the US-- and the force behind the winner takes all mantra of our economic system. If you want even out earning power in the U.S, you have to raise the 15% capital gains tax.
Income and wealth disparities become even more absurd if we look at the top 0.1% of the nation's earners-- rather than the more common 1%. The top 0.1%-- about 315,000 individuals out of 315 million-- are making about half of all capital gains on the sale of shares or property after 1 year; and these capital gains make up 60% of the income made by the Forbes 400.
It's crystal clear that the Bush tax reduction on capital gains and dividend income in 2003 was the cutting edge policy that has created the immense increase in net worth of corporate executives, Wall St. professionals and other entrepreneurs. quote/

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