Barack on taxes

I am appalled that Barack doesn't realize that his ideas on increasing capital gains taxes will actually reduce that amount of taxes being brought in. Anyone who has a pension or a 401K will be affected by this. I saw a nice little quote in a video from a blog called copious dissent. "When you raise capital gains tax, nobody invests money. And nobody sells stock that they have been holding, because you are going to take their gains from them if they sell it. So the government takes in less revenue." History has shown that decreasing the capital gains tax increases revenue. http://www.youtub e.com/watch?v=po7J0f5TMrQ

In the most recent debate, Barack stated that he would give 95% of Americans an income tax cut. That is impossible since the bottom 40% of Americans don't pay taxes. However he is willing to increase the taxes on the wealthiest people, calling this "fair." I have news - the top 10% of taxpayers pay 70% of the taxes while the bottom 50% of taxpayers pay 3%. How is that fair?


"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. " ~ Thomas Jefferson