Quote:
Originally Posted by Centauri
What's wrong with communism?
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Absolutely nothing if you don't have a job. But for those of us who work hard and give up substantial portions of our lives to better ourselves and those who invest in us, the thought of our paychecks going to other people doesn't sit well.
Even right now, I work 60+ hours a week and I'm 24 years old. When you add in all the state, county, local, and federal taxes, roughly 40% of my paycheck is gone even before I see it DD'ed into my bank account. Fast forward 6 months from now when Obama is president (most likely I think) I'm going to work the same amount of time and get paid substantially less.
As a currency analyst, a substantial portion of my paycheck comes from performance bonuses (capital gains). Obama's tax hikes will double the capital gains from 15% to almost 30%. By doubling the cap gains, that cuts my bonuses in half, and as a result, most of my paycheck. Why did I work so hard in college just to see it go to other people?
There's nothing wrong with communism if someone is an unproductive member of society, but for those who like to work and work hard (getting fewer and fewer each day), there is a huge problem with communism.