The Corner

Wow

I don’t cry “class warfare!” very often. But the beginning of Obama’s capital gains tax question was amazing stuff. He conceded the premise that revenues go up when you cut capital gains taxes. But he said it would be worthwhile to raise them nonetheless as an issue of  “fairness” because some people are making too much money. In other words, even if the government loses money to pay for all of the wonderful things Obama wants to do, it’d be worth it because sticking it to rich people is a good in and of itself. 

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