by Graal » April 19th, 2008, 1:04 pm
Obama was shown the evidence that capital gain rate cuts increase revenue and that cap gains rate increases decrease revenue...and he was still wanting to raise the cap gains rate...for reasons of "fairness".
So raising the cap gains tax rate actually lowers the amount of revenue raised by the government and slows the economy, but it is so important to punish the rich that we do it anyway? Holy marxism, batman!
And the sad thing is that capital gains are not exclusively the province of the rich, as some people seem to think. 79% of households claiming capital gains last year had incomes below $100,000. That's not per person, that's per household.
Last edited by
Graal on April 19th, 2008, 1:05 pm, edited 1 time in total.
si vis pacem, para bellum