Raising tax rate on the rich a mere 2% (to 37%) is a total victory for Republicans!

[billy_j]

10. The tax rate Scam is that Capital Gains will not be effectively raised

The smoke and mirrors crowd are busy at work in Washington. Democrats And Repubs are both scamming us all. the problem with our Economy, with Wall Street and with Jobs is that we have taken Capital Gains rates fall to a point where they allow "Skimming " of profits to occur in business. Low capital gains rates do not encourage investment in business, but actually discourage investments in real jobs and real business. Low capital gains rates has been the real Welfare Queen that has run up the deficit, encouraged off shoring and Killed the American Dream.

When Long term or short term profits are taxed at low rates, even the proposed mere 20% , far below regular income rates, this encourages business to look at itself as merely a cash cow to be sucked as dry as possible for the mere sake of profit. If the tax rate on taking all the profits out of a business have such a low tax rate , what encouragement is there for a business to invest in people, human benefits, research and development or long term infrastructure improvements for companies?

Raising the Capital gains tax rates to that of regular income would eliminate both Wall Streets Obscene trading and businesses only looking at "Profits" over people. If there is more incentive for businesses to pay people more, invest in buildings and maintenance, as well as pay retirements and health care for employees as it will lower their taxes, then we will have a solution.

Sadly the "tax rate " for the rich debate does not in any real way address this issue, and we are all being scammed by this fiscal cliff nonsense by Democrats and Republicans merely using the Hegelian Dialectic to pretend to offer a debate , while sadly offering no real change to the damage that is still being wrought by unfettered greed in our financial community, to which our politicians are deeply personally entrenched.

Only by seriously raising capital gains tax rates will we return ourselves to a people profits. The present negotiations are merely a puppet show to placate us into believing that something real is happening. Just remember that the wealthy do not make their monies in regular income, they make it in capital gains, and that is all based on profits. If we want real change in Washington and Wall Street , then substantially raising the capital gains rates is the only real answer. All the rest is merely a smoke and mirrors scam.