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Article: Capital gains tax impedes growth of the economy

Article from:
Deseret News (Salt Lake City)
Article date:
January 11, 2006
Author:
Copyright

Republican and Democratic big government advocates whine about President Bush's proposed tax cuts, particularly cuts in the capital gains tax. They say it's a $70 billion giveaway to the rich. Listening to demagoguery about the rich, I've sometimes wished that we could find a humane way to get rid of the rich so that we might better focus on what's in the interests of the other 99.44 percent of us.

Let's talk about capital gains taxes starting out with a few questions for you. Suppose you see a couple highway construction projects. On one project, the workers are employed using shovels and wheelbarrows. At the other project, the workers are using huge earthmovers, cranes, asphalt-laying ...

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