Reader comments at The New York Sun - Obama Capital Gains Tax Hike Would Hit N.Y. Hard

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Reader comment on:
Obama Capital Gains Tax Hike Would Hit N.Y. Hard

Submitted by Jeffn, Sep 14, 2008 13:44

The problem is that those with the abilities and will to earn wealth will still find ways around overtaxation or be demotivated to create wealth to be taxed and redistributed to the non-producers. It goes along with the old tenet: redistribute the world's wealth equally among all 6 billion+ and in 5-8 years, it will exactly where it is today. Wealth is a concept.

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Other reader comments on this article

Comment	By	Date
The problem is that those with the abilities and will to earn wealth will still find ways around overtaxation or...	Jeffn	Sep 14, 2008 13:44
"What appears to be missing from this argument is empirical data demonstrating a strong correlation between reduced capitol gains tax."... [MORE]	Brian	Sep 13, 2008 05:39
What appears to be missing from this argument is empirical data demonstrating a strong correlation between reduced capitol gains tax... [MORE]	Ethan David Cohen	Sep 4, 2008 21:38
It seems Obama has backpedaled to 20%, perhaps due to criticism like yours. [MORE]	bernie - planck's constant	Sep 4, 2008 14:46
With so many think tanks studying this issue isn't there a happy medium? What if the capital gains tax was... [MORE]	S. Wright	Aug 29, 2008 08:34

Reader comment on:Obama Capital Gains Tax Hike Would Hit N.Y. Hard

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Obama Capital Gains Tax Hike Would Hit N.Y. Hard