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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there is class warfare against the rich and ultimately it is going to stifle productivity.  If you are constantly vilified for your success and there is a constant cry for your wealth to be redistributed, what is the incentive to succeed--so that someone who chose differently can reap the fruits of your labor?[/quote]

CEOs and hedge fund/wall street types who make millions a year are frequently paid through stock and so only pay 15% in taxes, much lower than someone who currently makes a whole lot less.  Many of those same folks are the ones who caused the recent finacial woes through back room deals and insider trading.  Until we clean up our finanacial industry and stop allowing their own to regulate them [they come from Wall Street and go back to Wall Street after their appointment ends] the rest of us will lose out.  I do not begrudge anyone their money, as long as it is made legally and legitimately.[/quote]

It is legal. You want to make it illegal. It is jealousy. You are poor and they are rich and you and Obama can't have that. How dare they. [/quote]

Let's clear a few things up.

1.  Restricted Stock awards and stock options income for CEO's are taxed as regular income, not 15%.  
2.  Hedge fund managers are the specific group that through a loophole make money taxed at 15%.  That's really unfair, because they are being paid for their labor not for their capital investment.  But it won't change because the hedge fund managers will throw massive $ at the campaigns to make sure congress doesn't change it.
3.  Wall Street did have a large role to play in the financial crisis.  Many traders did clearly unethical things, like betting against the very securities they sold to the market.
4.  As for the problems of self-regulation, even Alan "Rand" Greenspan has concluded that self-regulation failed.

So to the earlier poster, you are wrong on one count - the CEO.

And to the PP, I firmly believe in 2,3,4 even though I have made millions of dollars and my wife makes 7 figures, so it is not jealousy.  It is perfectly reasonable that the dividends tax rate be used only for invested capital.  Only a fool would think that Wall Street did not need to be cleaned up.
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