Re: That's it! I'm voting for McCain

In article <ub3v649or40go01ecadu798mstn0465mu4@[EMAIL PROTECTED]
>,
 Governor Swill <governor.swill@[EMAIL PROTECTED]
> wrote:

> So?  Leveling the tax rates isn't about "soaking the rich", it's about
> flattening the tax system.  Income is income.  Period.
> 
> >2) The tax distorts the markets negatively. When stocks and funds are
going 
> >up, all is good. When stocks and funds are going down, after an
increase, 
> >tax consideration lead people to hold onto their equities longer than
they 
> >should, incurring greater losses.
> 
> I don't see how that's a negative distortion nor do I see why holding
> investments longer is a bad thing except to those who make their
> living off trade commissions, that is, talking people into selling
> something now for a quick buck rather than holding the investment for
> the long term.  

Why should the government care whether investors are selling to realize 
short term gain (or minimize short-term losses) or to realize long-term 
gain?
> 
> Again, so?  What're people gonna do if their investment income is
> taxed at the same rate as their time card?  Not invest?  Taxing work
> at a higher rate than market speculation hasn't stopped people from
> getting jobs has it?  Why would it stop them from investing?

It obviously won't.  The capital gains tax was never about anything but 
lowering tax rates on capitalists.