some continue to blur the simple distiction between earned income and capital gains income....
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.
John F. Kennedy
this is the beauty and evil of a "progressive" tax code..politicians and citizens can arbitrarily target individuals and their wealth regardless of source based on arbitrary needs and political expedience while at the same time excluding large portions of the population who can be then be mobilized against those not paying their fair share...it's all very childish and shameful....tax policy is little more than a political club used to rile up portions of the population in order to grant politicians the ability to "institute fairness" which, as Jimmy has found, tends to envelop and adversely affect many more than was originally claimed intended like every other liberal "great idea".....
this argument over tax rates completely ignores the real problem that we have...
this is like an employee going to their boss demanding a larger paycheck.....and the boss telling the employee that they're already the highest paid at what they do they just have too many maxed out credit cards and children out of wedlock, equity loans and personal loans and they keep taking those 4 million dollar vacations when their salary is only a fraction of that(which sets a really bad example for others
)...
and then the employee, deaf to all that was said, in response, starts bitching about how much the boss makes
as though that will somehow improve his situation....