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ga6742: I think Capital Gains is a big question. I am no fan of income redistribution but the question I have is ...how is Capital Gains treated? The wealthy acquire a huge chunk of their wealth from Capital Gains which is not taxed as ordinary income. Are investments a form of consumption? There is a point in the wealth ladder where one starts to have cash to invest without affecting life style. Getting to this point is a big advantage. Providing a tax advantage is a double positive. This a situation that I might advocate for change.
Friday, February 14, 2014, 2:52 am
John Flanagan: Well said and excellent points, but the problem is that Obama and the Democrats are not interested in facts, economic soundness, nor a prosperous nation. They have their own dream, their own media, their own narrative, their own plans to take us into a socialist quagmire. Progressives and liberals are self serving, arrogant, and motivated. The logic of this article on income inequality will not resonate with Obama, who would be more comfortable ruling than governing from a Constitutional point of view. The free market system, in the eyes of the Democrats, must serve the state.
Wednesday, February 12, 2014, 10:50 am
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