I like Dave Ramsey even if it is personal finance 101. Too bad more Americans don’t get his message.
As far as his plan, eliminating capital gains does cost tax payers. All of us on the side line getting shit interest rates on our several hundred thousand dollars (thanks Greenspan) will not be paying income tax (33%) when we move our investments to non taxed accounts. But, I would still take his plan over the $700B plan.
EconProf, you are right on. Probably the #1 reason the bail out is a bad idea. Why is this missing in the headlines?
