[FoRK] Obama: Redistributionist, pro-capitalist, or both?
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
>> the former, but not the latter, particularly now that recent
>> 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:
He sets the ceiling at 28%. That's nearly double. There's no reason
to think it won't go to the ceiling, either.
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