Originally Posted by ideliver
oh lawd...here we go again....plain and simple...if we taxed all income at 100% over $250,000/yr...we still have a deficit
we don't have a revenue problem, we have a spending problem...
Also, if you raise taxes on CG to 30% you will see the stock market implode as hedge funds run for the hills for more tax efficient investments...and you will see everyday citizens 401k and pensions take a HUGE hit...
Try to "soak the rich" you end up fcuking everyday people...
Also, when CG was cut to 15%....the tax revenue increased....care to hazzard a guess why???
Finally, someone who knows what the Laffer curve is.