vexingsilence t1_j72v2xr wrote
Reply to comment by BelichicksBurner in https://www.sentinelsource.com/news/local/statehouse/nh-bill-would-reverse-plans-to-end-dividend-and-interest-tax/article_b6c3a960-b863-5960-b0dd-0fcb8104b568.html by BelichicksBurner
I'll give you a B+. You forget to throw climate change in there.
People that invest in business and take the risk that the investment might never yield anything ought to be able to earn money back without the government helping itself to it first. Same goes for the tiny amount of interest you can earn by letting a bank hold your money.
The end of the article had it right, this is just identity politics, and it's wrong.
BelichicksBurner OP t1_j72y2sl wrote
Ah yes, the magical millionaire investor needs their money because of all that "risk" they take... expect those risks are already mitigated tremendously by our already existing tax laws. This isn't some new thing that's been happening with this specific tax code. It's been in place in NH for 100 years. 100 years. Suddenly it's a big scam though, huh? Sorry, I call BS.
Remember WAAAY back in 2018 when the richest Americans got a historical level of tax breaks with the new GOP tax plan? How'd that work? Lots of new businesses pop up around the country, lots of new hires? Nope and nope. A temporary boom brought on predominantly through stock buybacks, which is what most of the richest corporations used that extra money for. The article is also pretty clear that tax breaks do not and have not in recent history had any impact on local economies. They just don't. All this will do is hurt. But hey, defund our government, send tons of money to private schools and lets all watch our property taxes go even higher. We have been working hard toward becoming Alabama north, this is just the next step. Mark my words: this will hurt us long term. Badly. Downvote all you want. We'll chat in a few years.
vexingsilence t1_j72yz8m wrote
>A temporary boom brought on predominantly through stock buybacks, which is what most of the richest corporations used that extra money for.
What does that have to do with NH? How many of the "richest corporations" are headquartered here?
​
>But hey, defund our government, send tons of money to private schools and lets all watch our property taxes go even higher.
Property taxes going higher is the opposite of defunding the government. Your own talking points contradict themselves.
Viewing a single comment thread. View all comments