Ben Stein fears an Obama victory.

[formercia]

The court jester of the reactionary right is mouthing off again. Be afraid Ben.

http://finance.yahoo.com/expert/article/yourlife/69320;
--snip--

Hail to the Chief?

As for stocks, there are more serious cautions. It looks possible and even likely that Senator Barack Obama will be the next president. He's promised that he'll raise taxes in various ways. One will be to end the limit of Social Security taxation, so that all income, without limit, will be taxed for Social Security.

And, although Obama hasn't explicitly called for it, he could also raise the taxation of capital gains and dividends. This will without a doubt make stocks less valuable to own -- it simply can't be any other way. If you take a bigger chunk of income from stocks away from the owners, and if you take a bigger slice out of capital gains when profitable stocks are sold, stocks become less valuable. In the long run, stocks still wildly outperform bonds and real estate. But the one-time hit to stocks from such legislation could be substantial, and the effect could last a long time.

--snip

"And, although Obama hasn't explicitly called for it." translation: I'm pulling this out of my ass and hope you don't notice.

[Skink]

1. Clinton regulated the market and the bull run continued.

[Atman]

11. And all of the current billionaire families became so under 90% tax rates

High taxes didn't keep the Kennedys, Carnegies, etc, from amassing great wealth and living ridiculously opulent lifestyles. In fact, just the opposite...high taxes actually forced the uber-riche to take the cash they couldn't spend by sundown and use it to endow museums and foundations which SPREAD THE WEALTH to the people, instead of just sucking it up and sending it offshore to tax-free accounts in the Caymens. But Ben is the world's stupidest genius. Or else he's just a selfish bastard, just like the rest of the GOP. Make little difference to me. He's an asshole either way.

.

[knixphan]

14. seconded!

[HiFructosePronSyrup]

2. Ben Stein, eh?

So as long as we're in the neighborhood of washed-up characters from 80's movies, what does Booger from "Revenge of the Nerds" think about the primaries?

[mojowork_n]

22. During the last years of the Clinton presidency, with the signing of the "Wad Alliance"

"Booger" and Ben were, briefly, associated through a network of mutually affiliated, interlocking, PR, industry, and consulting links.

However, all that ended when Curtis Armstrong (the actor who played Booger) beat out Ben Stein, scoring the plum role of the school principal, Mr. Welch, in Akeelah and the Bee.

Despite the claims made in this bogus, false obituary:



Booger is continuing to remain busy, having started the last book in his three volume academic biography of the life of Moe, Larry, and Curly. His views on a future Obama presidency are not yet on the record, but rescuing the domestic whoopee cushion industry (threatened by cheap imports) is known to be a priority.

[dchill]

3. I guess being a "genius"...

has been devalued under Republican rule. Greed kills brain cells!

[BrklynLiberal]

4. Ben Stein? The know-it-all who does eye-drop commercials????

:rofl:

[Atman]

5. So Ben is affraid the peasants will be able to keep their money, too? HORRORS!

We can't have that! I mean...if the rich have to pay tax on money they didn't actually do anything to EARN, why...next thing you know the working class will demand tax breaks on money they actually had to WORK FOR. We can't have that!! We just can't have that. Only (m)(b)illionaires should be allowed to live tax-free. After all, they've paid their dues by...uh...not paying their dues!

STFU, Ben.

.

[tsuki]

6. Oh no. Ben Stein may have to pay taxes. Oh, woe is he! Oh,

say it isn't true.

Ben, let me be totally Republican about this. Since it does not affect me, why should I care. I don't make over $102,000.00 a year. That is my meme when others say this to me.

I basically did that with my financial advisor. He said that he would lay off all his employees if they took the limits off social security. I asked him for a job. He said WHAT. I said since he paid his employees over $102,000.00 a year, I wanted a job with him. He shut up.

[Thurston Howell III]

7. You mean the Republican that donated to St. Ralph?

[Major Hogwash]

8. One of the worst examples of someone from Nixon's past haunting the election today.

Stein should just stick to game shows.

[WHEN CRABS ROAR]

9. Yeah, right, soo what you want to do? lower taxes, borrow more

money from other countries,pay more interest, and have a couple of more unjust wars based on lies and big oil just to make more profits. yeah right Obama is a big threat.

[phantom power]

10. Ben Stein fears a Democratic victory.

[Vinca]

12. What a weasel this guy is -

"although Obama hasn't explicitly called for it, he could also raise the taxation of capital gains and dividends"

He could also mandate all people named Ben Stein be put on the next space shuttle for an extended stay in orbit. One can only hope.

[truedelphi]

17. But please make him pay for his trip.

People the world over are paying tens of thousands of dollars to0 go up into space. Please don't give Ben this vacation of a lifetime for free.

[Binka]

18. Binka Love Vinca!

:loveya: :thumbsup:

[Exilednight]

13. A repug scared of Obama - and people question if Obama is the right candidate.

[11 Bravo]

15. Anyone? Anyone?

[elixir]

16. Sounds like Ben is on to something here. Personally, raising the cap on SS is not going to be popul

ar.

[Atman]

20. It's not going to be popular with whom?

With people who make a decent living already, and most likely already enjoying the fruits of Reagan/Bush economics? My wife and I make decent money, and while I don't like to see my tax bill go up, nor do I like to see my milk price rise, my gas price rise, my health insurance costs rise, my EVERYTHING prices rise. But I thank my lucky stars I can afford milk, gas, insurance and everything, and I honestly wonder how people who make "normal" incomes are able to cope. If my SS taxes were raised a few bucks it wouldn't change my life (or lifestyle) one bit. But it might help a few million people in the long run.

I don't care if some relatively well-off people won't find a SS tax increase "popular." Popular ended in high school. As grown-ups, we have to deal with reality now.

.

[knixphan]

25. Bravo! sensible beats popular!

[WillYourVoteBCounted]

19. of course - Stein is in the top 1% who benefit from repug policies

Obama would roll back the tax break for the rich.

[gulfcoastliberal]

21. I thought Ben Stein lately has been lobbying for raising taxes on the rich?

http://www.nytimes.com/2006/06/25/business/yourmoney/25every.html?_r=1&oref=slogin

[laconicsax]

23. Who cares what Ben Stein thinks?

[GeorgeGist]

24. Tough toenails, Ben

but greedom isn't free.