In response to:

On the Road to Greece?

activated Wrote: Nov 08, 2012 4:48 PM
I do know a guy on foodstamps and welfare that sold them and bought some stocks. he made a profit and is still buying stocks with foodstamps and welfare. Hes made 6k+ so far in one year. thank you obama for giving this man my money to invest with.
HalibutornThrockmorton3rd Wrote: Nov 08, 2012 5:06 PM
Well, he will have to pay %15 on that gain if he sells this year. I'd sell half and hold the rest. %15 of 3K is $450. %20 os $600. That's what I call free money, so heck, the more you make, the more I pay. Plus you can deduct losses from other holdings, and reduce the tax even more. Most investors have a few losers in the coral, sp that helps. We get three years of loss carry forwards, so I can wait until I sell my profitable ones, and then deduct the losses.

One thing this election has made crystal clear is that we are becoming a society of dependence, rejecting the traditional American dream and drive for success in favor of collecting disability, welfare, and other government provided benefits. Democrats have been capitalizing on this shift while Republicans take on the impossible task of attempting to explain to the dependents that all of the hand outs are unsustainable and harmful. Unfortunately, like trying to take away candy from a spoiled child through reason, our efforts have been unsuccessful.

To see where the dependence culture leads, Republicans only have to point to...