There's a one very simple thing to be done. It will solve a whole lot of the problem, and it will prevent the need for taxpayers to reward gamblers. Here it is: eliminate the Capital Gains tax. Then get out of the way for the flood of money that will come pouring back into the country. No taxpayer bailout will be needed.
Of course, this isn't about solving the problem. It's all about Defeat-ocrats gaining more control of our lives. And blaming Republicans for it.
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3 comments:
Or how about raising the capital gains tax at least 5%? That should work too right?
What I find amazing is that the present financial meltdown has benefited BHO and not McCain.
Huh? Perhaps I'm missing some sarcasm here...but raising the captial gains tax would further restrict investment money on Wall Street. Which is the opposite of what needs to happen.
Well, of course, BHO had benefitted. After all, his friends helped cause this mess. Take a look at this - http://www.youtube.com/watch?v=H5tZc8oH--o
Yep, I was being sarcastic. I was referring to BHO's plan to raise the capital gains tax. That, combining with the current turmoil of the investment banks, should make him look pretty ignorant and short-sighted.
Thankfully (for the Dems) we have press that sees it as their duty to withhold information from the American people which might negatively impact their ideological allies. So, far from hurting his campaign, they spin the meltdown to benefit him.
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