It’s really very simple, fair-minded people think those who work hard to produce a product should not have to pay a higher percentage of their income in taxes than those who clip the coupons off the bonds they inherit or from buying and dismantling companies.

The capital gains tax is the source of much of Romney's income. (Well he did say he made a small amount from speaking fees. Turns out that small amount were $375,000 last year. He is sooo out of touch with real people he thinks $375,000 is insignificant.)
The capital gains tax should be at least as high as the tax on earnings. Fact - more than 80% of all capital gains are "earned" by less than 1% of Americans. Let’s place a 30% rate on all capital gains after the first $1,000,000 per year. WTF is unfair about that? Does America have a crisis? Well how about the wealthy helping out proportionally as much as the middle class?

For the apologists who says we need that job creating investment I say bull crap. Can any rational person tell me an investor will not make an investment that earns them an extra dollar if the dollar is taxed at 30% vs. 15%? No one I know would say oh I don’t want an additional .70 because under the old system I could’ve gotten .85


Edited by Dave Vedder (01/24/12 06:46 PM)
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No huevos no pollo.