Learn from Canada

[IHL]

If the liberals take charge, they will try to raise taxes. That is a guarantee. It's not my opinion, Charles Rangel (http://www.washtimes.com/op-ed/20061004-090355-7594r.htm) said it himself. He said he "cannot think of one" of the Bush's tax cuts that he would keep in place.

Well, what happens to stocks, which affects peoples investments, savings, 401ks, etc, when taxes are proposed? Hopefully we can learn from Canada.

Canadian stocks tumble on proposal to tax income trusts (http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6E126EF4%2D8F08%2D4001%2DBD52%2 D4B640C98250C%7D&dateid=39022%2E4072024306%2D883928325&siteid=mktw)

[Dr. Madd]

This is why no liberal for ANY reason should ever be elected, ever again.

[conservativecanadian]

its sad up here with whats happened to the stock marcket and our taxes, just sad. hopefully the new government will be able to fix some of the damage caused by the liberal party in its 13 year regime.

[Bumblebee]

House Represenative Conyers has been preparing for two years to impeach Bush. They will get nothing accomplished, there will be only investigations, they will do anything to cripple Bush in his last two years in office. Their hatred of Bush has blinded them to no end. They don't care that we are in a war, they're out to destroy him. Bush stayed within the law, they can't impeach him, but that won't stop them either. Pelosi said that she won't try to impeach Bush, but according to Judge Neopaletano, (spl?) Conyers can still go ahead with his impeachment.

[Aurelius]

The country decided to tax money that was leaving Canada which caused foreign investors to pull out. It doesn't matter. Company A already has all the money they are going to get for their trust unless they have to sell more. If anything the lowering of the trust value could be a good thing for the company. Company A can now repurchase for a lower amount so they retain more of the dividend. The only people this will screw with is those who invested. On the long term this is a good decision for Canada as more wealth will remain in the country. On the short term many people have lost a good deal of retirement money.

The US is a different story. Investors will not pull out of the US stock market because we've already had these taxes before. They'll also hold onto their shares because the US has the best market to invest in. The only time we wouldn't want to repeal the tax cuts is during a period where the market was just recovering from lows.

[Dr. Madd]

Aurelius: Taxes only produce wealth for the government.. Full Government coffers don't necessarily mean a strong economy. Sometimes, as in clinton's terms, it means the tax vampires were at work.