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April 11, 2012

Blowhard at the Buffet Blowhole

The Buffett rule is really nothing more than a sneaky way for Mr. Obama to justify doubling the capital gains
and dividend tax rate to 30% from 15% today. That's the real spread-the-wealth target. The problem is that this is a tax on capital that is needed for firms to grow and hire more workers. Mr. Obama says he wants an investment-led recovery, not one led by consumption, but how will investment be spurred by doubling the tax on it? -- The Obama Rule - WSJ.com

Posted by gerardvanderleun at April 11, 2012 7:43 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Easy question.

Obama Investment: your money -> taxes -> public employees' pockets.

Obama Consumption: your money -> [new house][charity] [mutual fund] [business] [furniture] [...whatever].

Posted by: BillH at April 11, 2012 8:20 AM

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