A Quote by Ed Rendell
I have said consistently both in my papers and in my speeches - which you heard in the primary campaign - that I will continue to phase out the Capital Stock and Franchise tax.
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The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.
I've heard from lots of organizers in the [Bernie] Sanders campaign, both paid and unpaid. I have heard from lots of them. We have not heard from the Sanders campaign. I do not expect to hear from the Sanders campaign. But you know, it's not over until it's over. So we remain open to that possibility. As Bernie said himself, it's not about a man, it's a movement.
Venture capital is an inherently optimistic form of investment - which is both its primary strength and its primary weakness.
Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.
I shall argue that it is the capital stock from which we derive satisfaction, not from the additions to it (production) or the subtractions from it (consumption): that consumption, far from being a desideratum, is a deplorable property of the capital stock which necessitates the equally deplorable activity of production: and that the objective of economic policy should not be to maximize consumption or production, but rather to minimize it, i.e. to enable us to maintain our capital stock with as little consumption or production as possible.
During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
Strong credit markets give companies borrowing options to boost their stock prices while making bearish investors scramble to close out trades before losing any more money, both of which then push the stock market even higher and continue the self-reinforcing bullish cycle.
Eliminating the Death Tax will continue to restore consumer confidence, spur capital investment, and create new jobs which are critical components of economic growth, particularly within the small business community.
And Ralph Nader, God bless him, still out there campaigning. Ralph Nader said today he has set a record for the most campaign speeches given in one day. He gave 21 speeches in one day. Of course, we have to take his word for it, because of course, there are no witnesses.
I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.
I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax.
we have not been impressed with any attribute of the Senate other than its appearance and manners. We have heard the best speakers: they all fire off speeches which deal with the entire subject in general terms and which do not attempt to debate, to answer opponents' arguments or offer new points for discussion. And the speeches are constantly degenerating into empty rhetoric; they abound in quotations from well-known authors or from their own former speeches.
And I will repeat today what I have said throughout this campaign. I will not raise taxes on the middle class. I will give you tax relief to help ease these burdens.
Mainstream politicians will continue to protect existing systems of power, corporate executives will continue to maximize profit without concern, and the majority of people will continue to avoid these questions. It’s the job of people with critical sensibilities—those who consistently speak out for justice and sustainability, even when it’s difficult—not to back away just because the world has grown more ominous.
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