On Fri, 25 Nov 2011 07:50:46 -0500, X ` Man
wrote:


I think a slightly lower tax rate on *long-term* capital gains
encourages investment and I favor it

actually there's evidence this is incorrecct.

first, we did that. long term capital gains were once MUCH higher
(over 70%) than they are now; even under clinton they were double what
they are now.

under bush capital gains were lowered by almost 50%. we LOST jobs.

2nd, a recent paper detailed he


http://motherjones.com/kevin-drum/20...fer-curve-rich

finds we could raise marginal tax rates on high earners to over 70%
before we'd lower investment

i think we have to go with the EVIDENCE.