Quote:
Originally Posted by waynet
I will go along with cutting business taxes but cutting capitol gains just makes the rich richer and lessons their tax burden even more and no matter what you keep repeating over and over the rich are not using their tax gains to create jobs. The rich are keeping their gains to themselves. You want to continue to give them tax breaks so they accrue more wealth fine,just don't mask it in the bogus they create jobs nonsense. Keep supporting the super wealthy and the corporations, I would rather support the middle class where I am trying to remain.
|
Cutting capital gain taxes motivates people to diversify and divest capital and move it around to try to gain more profit. When capital gains taxes are too high people sit on their assets as it is likely to be unprofitable to "cash in" and move the money to another opportunity. We need to ease the way to prospective higher profits for the producers. It moves the economy. The race to profit is the engine of our economy. You punish the profiteers and you stall growth. When you stall growth.............well, you should get the idea.
Stop the envy and the jealousy about who has what, and lets get those capitalists capitalizing.