Dear Iowa ( HATE THE RICH ?)
Dear Iowa,
Recently you had a Democratic Presidential candidate come through your state, He is trying to convince you to hate the rich. He wants you to believe raising the Capital gains tax as well as other taxes will be sticking it to rich folks, This is not true.
Raising the Capital gains will in fact hurt most Americans, everyone who invests in the stockmarket, anyone who has a 401k, mutual funds, pensions...etc,
Many small investors will stop investing, if their ROI is eaten up with taxes, they will in fact find somewhere else to park their money. If peoples 401ks and retirement funds continue to lose money in the markets, they will not invest, think about it, if you lose half your money then it taxed to death, whats the point of putting it there.
Many small and mid cap companies as well as large cap companies use investor money to grow. That money is not forked over to rich fat kats and Ceo's, Many companies use it for research and development, or to expand their business, AND THAT MY FRIENDS HELPS TO GROW THE ECONOMY AND CREATE JOBS, From the construction workers, electricians, carpenters, plumbers, and payroll employees.
There is nothing wrong with making money, we all want the same creature comforts and hope for our future as well as our children.
Are there bad Corporations? Sure there are, greed and stupidity running rampant, thats when the stockholders need to speak up, and if laws are broken then people need to be held accountable.
What I find troubling is this urgent need to start hating rich people, class warfare will destroy this country. Many of these people get up everyday and go to work keeping millions with jobs. They have in fact created many millionaires within their own comapny. We cannot afford to have these people walk away from America because of class warfare.
My husband and I are middle-class Americans, He's a machinist and I work in a grocery store, we don't live beyond our means, we are in fact happy. We have done everything the right way, and we went without to save for old age, I do not want to be a financial burden to my son when I am old, as it is my hope he will have his own family.
My point of this letter is to help people realize that taxing the rich is not helping the poor, or the unemployed. Creating jobs and stopping the outrageous spending in Washington DC. should be our focus. With more people working, it will create less worries for all of us.
Take Care Iowa, As you are the starting point for the 2012 Elections, Your voice is speaking the loudest.