"Reduce the capital gains tax" is the newest screed by the Repugnation

[DainBramaged]

Under current law, capital gains tax reverts to 20% in 2010. I saw a clip of Press the Meat and Bobby Gypemall was spewing this right off the bat. Why has NOT a single talking head of the MSM asked them how reducing that one tax is going to help us get out of this depression, and how it will help the middle class? I know the answer, but I'm waiting for someone like Paul Krugman to shoot this full of holes, but no one seems to want to take them on. For as long as I can remember, that's ALWAYS been one of their mantras, eliminate capital gains taxes. Almost every Foreign Nation has high VAT and income taxes, and you just don't hear their 'right wing' screaming about excessive taxation like they do here. 777777777777778 (numbers added by my kitten for effect since she's laying at the base of the keyboard.)



Right Wing Lies On Capital Gains Tax

http://www.youtube.com/watch?v=Gv-wdRvJut4

[Triana]

1. rightwingnuts employ the broken record technique even during economic crisis

capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
capital gains tax cut
tax cut
.....

sheesh.

[HillbillyBob]

2. Just so the rich theives can continue building wealth and power

Which was why that tax was instituted to begin with to help keep a lid on the money party aristocracy.

[ejpoeta]

3. one should be asking them.....

they keep whining about the deficit, though the absence of concern is notable BEFORE this.... so if we don't go back to a point where we are collecting revenues, how are we going to deal with the deficit!!! oh yeah, i forgot.... that's what the middle class is for.

[dkofos]

4. Reduce it hell. I say DOUBLE IT.

And we need a transaction tax.

[Liberal In Texas]

6. Absolutely. n/t

[Ganja Ninja]

5. Who the fuck has capitol gains in this economy? n/t

[dkf]

7. Yup, the stock market has lost trillions of dollars.

I'm kind of laughing at this call to raise or lower the capital gains tax. What's the point?

[Lost in CT]

8. Thank you what fucking Capital gains... good lord why not reduce the tax on buggy whips. nt

[dysfunctional press]

9. income is income. it's immoral that investment income is taxed lower than earned wages.

why not apply fica premiums to it as well?

[endarkenment]

10. heck with that, let's eliminate it entirely.

And instead treat all income the same.

[melm00se]

11. the issue with

capital gains tax is that it is one tax that you can easily avoid:

don't sell the asset = don't incur the tax event.

increasing the tax rate will freeze the money in place and money that in place and money not in motion is just a pile of paper.

[B Calm]

12. As I told my financial advisor, I would love to have capital gains. . .

[Vinca]

13. That was my first thought. What capital gains?

The tax on nothing is nothing.

[DainBramaged]

14. Unless you are a Rethuglican.

[Raven]

15. There are NO CAPITAL GAINS. What are these people taking about?