Does the President understand the relationship between private investment income and business? The fact you don’t receive income without ‘investing’ in successful businesses? If so, does he understand the relationship between businesses and jobs? If the answer is still yes why in the world is he trying to reduce jobs and businesses via raising the capital gains tax?
I do believe he understands all the relationships presented above and furthermore he is well aware of taxes reducing consumption and production and in the case of capital gains, investment as demonstrated by his energy/emission taxes campaigned for as Pres and cigarette/liquor taxes passed while serving as a IL State Senator.
If the President follows this talk with the walk of actually raising (rumors of doubling) the capital gains tax surely his actions will have spoken louder and clearer than his word.
At that point the President will have exposed his ongoing socialistic class war with the intended seizure and redistribution of wealth will not be disrupted even if it means jobs and the economy. Taxing success and rewarding failure, your new Government will lead the way, provide for you, direct you and care for you. And if you don’t like it you can go to your room.
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