If you look at the universe and study the universe, what you find is that there is no evidence that we need anything other than the laws of physics and the other laws of science to explain everything we see. There's absolutely no evidence that we need any supernatural hand of god. -- Lawrence Krauss, World-Renowned Physicist
There is probably no other notion in any field of science that has been as extensively tested and as thoroughly corroborated as the evolutionary origin of living organisms. -- Encyclopedia Britannica
FAITH. No one word personifies the absolute worst and most wicked properties of religion better than that. Faith is mind-rot. It’s the poison that destroys critical thinking, undermines evidence, and leads people into lives dedicated to absurdity. It’s a parasite regarded as a virtue. -- PZ Myers
Religion is the antithesis of science, an anesthetic for the mind that disables critical thought and encourages the acceptance of inanity as fact, and wishful thinking as evidence. -- PZ Myers

Wednesday, October 17, 2012

"But your rate comes down and the burden also comes down on you for one more reason, and that is every middle-income taxpayer no longer will pay any tax on interest, dividends or capital gains. No tax on your savings. That makes life a lot easier. If you're getting interest from a bank, if you're getting a statement from a mutual fund or any other kind of investment you have, you don't have to worry about filing taxes on that, because there'll be no taxes for anybody making $200,000.00 per year and less, on your interest, dividends and capital gains. Why am I lowering taxes on the middle-class? Because under the last four years, they've been buried. And I want to help people in the middle-class." -- Mitt Romney

Mr. Romney's quote is from Presidential debate transcript, questions, Oct. 16, 2012 (text, video).

Mr. Romney, it's really too bad you're going to lose the election because I really like your idea to not tax income from investments.

You said this will be only for taxpayers earning less than $200,000 a year but that's something I don't think I have to worry about.

It's fair to say not taxing dividends and capital gains won't help balance the federal budget, but it's not completely fair to say that. If retired people have more money to spend because their retirement income is not taxed, they are likely to spend that money, and spending helps create jobs. More jobs equals more tax revenue for the government.

Middle class Americans work hard for their income and wouldn't it be nice if they had something to look forward to when they retire, which is being able to keep all their retirement income instead of having to share it with a federal government which has a long history of wasting money.

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