[FoRK] Obama: Redistributionist, pro-capitalist, or both?

Jeff Bone jbone at place.org
Tue Aug 26 17:27:21 PDT 2008


On Aug 26, 2008, at 7:04 PM, Lucas Gonze wrote:

> On Tue, Aug 26, 2008 at 4:34 PM, J. Andrew Rogers
> <andrew at ceruleansystems.com> wrote:
>> Increasing the income tax rates is obnoxious, increasing capital  
>> gains rates
>> -- nearly doubling in Obama's proposal -- is catastrophic.  We can  
>> survive
>> the former, but not the latter, particularly now that recent  
>> regulatory
>> nonsense has already weakened the capital markets.
>
> Do you have documentation for that doubling?  Here's the most specific
> documentation I found.

Here's his specific statement in its full, original context:

   http://www.cnbc.com/id/23832520

He sets the ceiling at 28%.  That's nearly double.  There's no reason  
to think it won't go to the ceiling, either.

jb



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