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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (143835)	10/28/2008 5:14:20 PM
From: geode00	Read Replies (2) \| Respond to of 173976

If you earn $80K/year and your tax benefit is $30 the you will not change your behavior one bit. They pay most of the capital gains taxes because they make most of the income subject to capital gains taxes. Tax policy make sense when it benefits the entire economy. Otherwise it's simply subjective. It's just as reasonable to say that those who have benefited the most from society should pay the bulk of the costs for said society...it's just opinion. What is the overall benefit to the economy of reducing the capital gains tax below its already low rate of 15%? What are the negatives? It's not always positive to cut taxes and it's not always a negative to raise them. The rich benefit from an economy that floats all boats....so float them all. If the US government were too poor to be able to bail out (and yes it is a BAIL OUT not an investment) the AIGs and the MMFs and the Insurers and whoever else is out there making stupid decisions then the rich would suffer as well. Imagine what would be happening now if Grover Norquist has gotten his way in his bathroom.