Wednesday, March 4, 2009
Obama is starting to worry me
During his campaign, he radiated common sense and realism. Lately, however, it's the latter I'm concerned about. The basis for any progressive tax system must be to tax AS rich what IS rich. A family income of $250,000 doesn't qualify, no matter in how a percentile it places one in. Wealth needs to be taken into account. Obama's on the right track when it comes to shaving the tax efficacy of certain kinds of deduction. But why not a progressive capital gains tax?