To me it seems rather inconsistent to say that you think that debt is bad and that you want us to pay our bills and then suggest taxing the crap out of capital gains.
Capital gains are realized from savings and investments. If we want to encourage saving and investing (as opposed to spending) the way to do it is not to penalize those that do by confiscating their gains.
In general (ignoring the current crop of bankers who have their hands out) investors alone, incur the risk for their investments. If they lose, they get nothing. If they win, however, the government puts IT’S hand out for a portion of the gains, having incurred none of the risk of the investment.
Seems like a pretty sweet deal for the government…Frankly, if the government wants to tax the crap out of my wages and then, after they’ve already taxed that money, try and tax any gains I make trying to put that money to work, maybe I’m better off just spending like a drunken sailor using credit and then just walking away. It sure seems to be what we are encouraging by penalizing wealth building.
