I am starting to see people in this thread have no idea how cap gain taxes work at all, since 99.9% of FR will never pay cap gain taxes ever.
What are you talking about? Plenty of us have brokerage accounts and pay taxes on capital gains and dividends every year.
For the liberty minded capitalists:
American Thinker Article : Let's be Fair about Taxation
The Wall Street Journals Primer on Capital Gains Taxation
Thats an amazingly powerful relationship. Wages for workers are very much tied to the amount of capital thats invested. In other words, capitalists are the best friends of workers. Something to think about with the President proposing big increases in the double taxation of capital gains. And something to consider since he wants America to have the highest level of dividend double taxation in the industrialized world.
So true. But it doesn't stand in the way of making some outlandish statements. LOL