PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: CYBERKEN who wrote (683528)	5/25/2005 3:02:41 PM
From: Peter Dierks	Read Replies (2) of 769670

People who rely on earned income and pensions for their livelihood are jealous of those who invest and earn. Capital gains tax is like a sawed off shotgun used to kill a bug next to one's foot. People who are most harmed by taxing capital formation, those who have earned income, are most supportive of it. Investors are the ones responsible for job creation. Government taking a share of the wealth does not help anyone. The two extremes of wealthy are profligate spenders and the frugal super accumulators of wealth. Both help the economy. Spendthrifts put their money back into the economy, which spurs spending, and cascades around the economy. Wealthy investors create jobs by creating businesses. Even those without the entrepreneurial spirit provide liquidity to the stock and or bond market(s). You are correct. Eliminate the capital gains tax. It is stupid, which is more than can be said for the immoral death tax.

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