THAT'S WHY CUTTING capital gains taxes WORKS -- it allows people to move their money OUT OF old investments and INTO more productive investments without punishing them so badly for simply making a profit!
AND THAT'S WHY the economy has really taken off since 2003 -- because so much money that had been tied up in tired old investments was finally set free.
THIS IS REALITY, folks; FACE IT. Remember, the wealth you see around you didn’t always exist; it was and is CREATED wherever the right CONDITIONS OF FREEDOM are established and guaranteed.
"Wealth is good. ... wealth is not a world-wide round-robin of purse snatching, and ... the thing that makes you rich doesn't make me poor. ... Wealth is based on productivity, and productivity is expandable. In fact, productivity is fabulously expandable." -- P.J. O'Rourke in "Eat the Rich"
In other words, punishing the rich just because they're rich is short-sighted, self-defeating and more than a little juvenile and spiteful. It's based on the totally unrealistic and thoroughly discredited "fixed quantity of wealth fallacy" as well ( see: http://freedomkeys.com/gap.htm )
"You may not like rich people, but when was the last time a poor person gave you a job?"-- Gene Simmons
see exactly WHAT the 2003 tax cuts have done so far:here:
Bad news is always bigger news than good news. But a study by the Business and Media Institute says when it comes to the economy, broadcast network news stories are overwhelmingly and intentionally negative.
The year-long study of evening news programs revealed more than twice as many negative economic stories as positive — and the negative stories were in full -length reports — while the positive were in shorter forms. The study says the "CBS Evening News" went negative on the economy in 80 percent of its reports — the highest percentage among the three networks. [see http://www.businessandmedia.org ]
Also see: http://freedomkeys.com/journalists.htm#4
-- and Please PASS IT ALONG ------------>