Capital Gains Taxes To Rise : Progressive Redistribution of Wealth?

It seems clear enough that Mr Obama really isn't on the same page as most of the people in this country when it comes to economics, let alone life and liberty. It's also clear that Mr Obama is not one of us but someone completely different then anyone that has ever been elected to lead our country. The saddest part of all is millions of people don't seem to care. 

Mr Obama is making history by challenging the people to decide what is important to them and their families. Do they want the freedom to chose or an ever increasing powerful government to decide what the outcomes for your life will be is the question that must be answered.

But know this, failing to understand it really is a matter of life and death for our country that has never confronted us as a potential to lose our Constitutional guarantees since it's founding is real, and will be our demise as a free country if we fall asleep at the wheel.

Capital Gains Taxes Should Go Down, Not Up
Source: Diana Furchtgott-Roth, "Raising Taxes on Capital Hurts the Middle Class," Economics21, January 20, 2015.

January 21, 2015

The president wants to raise the top tax rate on capital gains and dividends to 28 percent. What's wrong with the proposal? It will hurt investment and hurt the economy, says Diana Furchtgott-Roth, director of Economics21 at the Manhattan Institute.

What happens when the capital gains tax is raised? The capital gains tax is a tax on the sale of an investment. With high rates, people will retain assets rather than sell them, limiting government revenue. Moreover, firms will limit their investments in order to limit their tax liability, and small firms will struggle to get financing.

The president should be lowering, not increasing, the capital gains tax, says Furchtgott-Roth, as such a move would boost the economy as well as federal revenues. She notes that rate reductions in 1997 as well as 2003 resulted in more asset sales -- and higher tax revenues.