Quote:
Originally Posted by mikemhg
They aren't trying to target the middle class.
No one in in the middle class is making a $250,000 profit on their investments via capital gains.
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Some will, but only once. There's a huge problem with people who are upper middle class who think they're actually elites when they aren't. As much as they don't like to admit it, they're very close to the rest of us and very far from Galen Weston. But they'll vote for things to help the elites that won't actually help them at all.
Quote:
Originally Posted by 68style
You say 16.7% like it's nothing, but how would you feel Mike if you had spent the last 10 years planning your steps very carefully for yourself maximizing what you have according to all the rules and then suddenly the government says hey we're running out of money, thanks for doing all that, we're going to help ourselves to 16.7% of all the risks you took and research and work you did because we feel like it.
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What risks and research are involved in just owning the same vacation property for 10+ years though? You're pretty much just along for the ride when it comes to the real estate market, there's not a lot of ways for them to have actively influenced their property value. It's easy to complain about a 16.7% change when it's from something very obvious but it's also luck that their property values are so high in the first place. They could've been the people who needed to sell in 08 when everything was fucked and gotten far less for it.