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Bill O’Reilly Threatens To Quit Investing “Aggressively” If His Taxes Go Up

Posted by Ellen -378.20pc on July 09, 2012 · Flag

Remember when Bill O’Reilly threatened to quit his job if tax hikes for millionaires were enacted? And then recanted? Well, it looks like Round 2 has just begun – Ding! Ding! Ding! In tonight’s Talking Points, O’Reilly threatened to stop “aggressively putting any money in the market” if President Obama raises capital gains taxes from 15% to 30%.

O’Reilly devoted an unusually long Talking Points segment to this subject so near and dear to his pocketbook heart. At about the 4:10 mark, he said, “President Obama would double the cap gains tax rate to 30% for EVERYBODY! Mr. Romney would keep it at 15%. Now, if you double cap gains, that would prevent me, a private investor, from aggressively putting any money in the market. The risk/reward is simply too great. I’m sure I’m not alone in that thinking.”

This strikes me as about as likely as O’Reilly quitting his job. Where’s he going to put his money if not in the market? In a savings account? CD? An investment that pays high dividends? According to O’Reilly, “Obama would tax dividends – stuff you get from savings, at 43.4% in the top bracket!” That’s an even higher rate than the capital gains tax.

This is not the first time O’Reilly has threatened to stop investing if capital gains go up. It probably won’t be his last, either. Whether he’ll really carry it out is another question. 

As The New York Times noted, the current capital gains tax rate of 15% is the lowest such rate since the Great Depression.


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Showing 18 reactions



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mj - the same one commented 2012-07-10 16:46:55 -0400 · Flag
@Paul Roscelli:

“You make a lot of assumptions about what happens in my class. Why would you assume what is posted here ends up in class?”

Professor, this is a private, politically-themed blog — if what gets posted here ends up in your economics class, that actually says more about YOU than it does us.

“Or that my job is to indoctrinate rather than just teach theory?”

I was merely echoing the sentiments expressed by various rightwing noisemakers about public education in general, and higher education in particular — especially whenever President Obama takes the time out to talk to students . . .

“But if you don’t believe me, check my reviews.”

I did; your students rate you 4.3 out of 5 overall, including 4.5 in helpfulness, 4.2 in clarity, and 2.0 in easiness.

The hotness category was left blank; draw your own conclusions . . .

“Moreover, since I personally favor drug legalization, a very small international presence for war etc…I clearly don’t follow some line with which you have associated me.”

Ah, I love this part: the good old, libertarian, “I believe in personal freedom” fallback. “Finally, I enjoy the fact that most of the posts here cannot engage me without using an ad hominem attack . . . "

Other than mentioning the {apparent fact} that you’re a professor of economics at a California college, what “ad hominem attack” did I make in my post?

Professor, you took time out of grading papers for your summer sessions — or whatever it was you were doing — to make a comment on a political blog.

That comment had two parts: a personal declarative {"I won’t be investing either"} and a statement of opinion {"O’Reilly’s got it right — AGAIN"}

I could care less about the former, and I suspect few other people do . . . I would, however, like to reiterate what Aria requested, something you failed to do in your following screed: exactly WHERE did BillO “get it right”?

.
Visitor 55 commented 2012-07-10 16:13:49 -0400 · Flag
Wow Paul. If you really are a professor, your reading comprehension and general knowledge is unimpressive.

It’s the right-wing, you know, assholes like POS borally, who accuse college professors like you of being e-vile libruls and of indoctrinating the minds of young people by teaching them to think. That’s why mj put indoctrinating in quotes.

And mj’s right about you not counting as much as the 1%. Well…according to the 1% that is. Again, assholes like POS borally. According to the 1%, Paul, “lower income earners” like you and me, “just don’t have a clue what’s going on.” They assume we don’t have educations, therefore, we’re just too stupid. Oh and according to the 1%, you’re a mooch who sucks the government teat. If you’re a professor at a CA college, you’re probably a state employee, also known as a parasite, according to the 1%.

Now, as far as POS borally being right, he’s not. He rarely is. He just doesn’t have that much influence, Paul. And guess what, people aren’t going to be stupid and stop investing. They may say they will, but in reality, they won’t. It’s all just empty threats.
Paul Roscelli commented 2012-07-10 14:43:44 -0400 · Flag
Wow. You make a lot of assumptions about what happens in my class. Why would you assume what is posted here ends up in class? Or that my job is to indoctrinate rather than just teach theory? Says more about you than it does about me. But if you don’t believe me, check my reviews. Students don’t have a clue what side of the fence I sit. Moreover, since I personally favor drug legalization, a very small international presence for war etc…I clearly don’t follow some line with which you have associated me. Finally, I enjoy the fact that most of the posts here cannot engage me without using an ad hominem attack (for those of you not versed in Latin that’s a personal attack). Show’s the depth of what passes for thought.
mj - the same one commented 2012-07-10 14:34:34 -0400 · Flag
@Paul Roscelli: seeing as you’re a professor of economics at a CA college — and therefore “indoctrinating” the minds of young people — I doubt you’re being paid enough to invest much, anyway; teachers, firefighters, and policemen aren’t supposed to earn as much, or count as much, as the 1% . . . right?

@patrick tolle: ROFL — and here I thought it was a simple cranial immersion into the anal cavity; something else BillO appears to suffer from.

With all the apparent maladies he and other Faux sNooze employees seem to have, Rupert must have one heckuva health plan . . .

.
Aria Prescott commented 2012-07-10 14:27:43 -0400 · Flag
Hey Paul… care to present a case for why O’Reilly “got it right”?

Because we got an article and two sources citing where he’s wrong.
patrick tolle commented 2012-07-10 13:17:35 -0400 · Flag
@ MJ- I have a friend who’d probably call it an epidemic of alligator humingbirdosis or (itis)take your pick it’s the malady which occurs when your alligator mouth overloads your hummingbird ass. It might, along with several other dysfunctions,be a requirement for employment at Fux Noise. I’d be pretty sure the only person missing anything if blowhardbillowlielly changed his investment strategy would be the blowhard himself and whoever makes commissions on his investments.
Paul Roscelli commented 2012-07-10 12:34:29 -0400 · Flag
I won’t be investing either. O’Reilly’s got it right—AGAIN
pierre allen commented 2012-07-10 12:19:59 -0400 · Flag
O’Reilly’s commentary is full of lies.
President Reagan started with 2,875,000 nonmilitary federal employees. After his eight year term the number of nonmilitary federal employees was 3,113,000. The factual increase is 238,000.

http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp

Given that O’Reilly puts forth the assumption that the government (SSDI) is paying for “all” disability claims, his claim that 3.1 million people have gone on government disability is also false. Between 2007 and April 2012, 1.6 million Americans have claimed Social Security Disability Insurance.

http://www.ssa.gov/OACT/STATS/dibStat.html

After fact-checking just two O’Reilly assertions, it became clear the talking points were propaganda. I’m sure if you go through the rest of his TP Memo, you’ll find even more lies.
Nathanael Pierce commented 2012-07-10 11:58:08 -0400 · Flag
O’Reilly – haha are you serious. Did you just say that Reagan was successful. Our economy has continued to fall since ‘trickle down’ has been implemented. The only thing Reagan was successful at was creating a disparity between the richest Americans and everyone else: http://takethe5th.com/wp/wp-content/uploads/uswealthgrowth.jpg

Let’s keep it real.
mj - the same one commented 2012-07-10 11:44:30 -0400 · Flag
BillO threatens to quit investing . . . Hannity promised to get waterboarded for charity . . . Rush Limpballs threatened to move to Costa Rica if the healthcare bill was upheld . . .

What is it with rightwingnuts making threats/promises they can’t keep?

.
Anne-claire Souza commented 2012-07-10 11:01:30 -0400 · Flag
Personally I don’t care what he says,after all he never tells the truth anyway,so do I care whether he invests his bullshit earned money absolutely not.
John Burski commented 2012-07-10 10:24:12 -0400 · Flag
So what you’re saying, Bill-O, is that if you were to have $100,000,000 in capital gains and were only able to pocket $700,000 instead of $850,000, then you wouldn’t bother to invest. I call bullshit! No, make that BULLSHIT!! You would, you know you would, and you should just quit lying about it!
truman commented 2012-07-10 09:16:50 -0400 · Flag
A fair and reasonable capital gains tax rate of 30 percent won’t bankrupt Bildo. Afterall, this is the same guy who paid millions for a couple of phone calls to a female employee.
Kelstar commented 2012-07-10 09:15:18 -0400 · Flag
Bill also reverted to the meme that an annual income of $250k isn’t that much money if you live on the East coast, have a home, and are trying to save for your kids’ college.

Apparently teachers living on the East coast are not deserving of home ownership or college funds for their children.

Effing hypocrite!
Thx4 Fish commented 2012-07-10 08:49:50 -0400 · Flag
Look at it his way Bill, taxing your unearned income at the same rate as your earned income would allow the employment of more police, firemen, teachers and soldiers, or to pay down some of the debt we incurred by lowering those tax rates in the first place.
Visitor 55 commented 2012-07-10 08:26:44 -0400 · Flag
And…so…is POS borally too stupid to realize that he’ll only be affecting himself? I mean, really, talk about cutting off your shitstained nose to spite your ugly blotchy face. And whether POS borally invests or not doesn’t matter. The stupid asshole will still “earn” over $250K/year for spinning on FoxGOPTV and therefore will still be taxed. What a dumbshit.
Aria Prescott commented 2012-07-10 01:12:23 -0400 · Flag
The last time O’Reilly kept his word, he threw a fit about people reminding him that he promised something and sneered “I don’t mean it, and you can’t make me!”…

I’d almost let him skate just so I wouldn’t have to hear him be such an adult baby again.
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