this to someone that posted something similar to my daily rag's on-line comment section.
Here is the comment:
Dan D. (DTD) wrote:
I know a venture capitalist who invested $30M of his money towards a startup communications company. He created 750 jobs at the peak. Later the business sold to a bigger business. He took the profit he made and reinvested it into another startup. He created even more jobs. That's how it's done.
But when Obama wants to take their "fair share" from people like that and foster an uneasy economy, venture capitalists are going to sit it out and not make any investments in new business that would create jobs.
Here is my response:
So you're saying investors are going to stop making money because they are taxed approximately 3% more on their profits? Really?
To spell out how ridiculous this proposition is, let me put numbers to this:
Are you saying an investor would be willing to forego a $1,000,000 deal (getting nothing) because they would only realize $970,000?
Does that even make sense to you? If so, keep your W-2 job and turn the TV/Radio up louder.
1 replies
GOP Tax Logic (Original post)
