Redistribution, Baby, Redistribution
Remember the moment in 2008 when Charlie Gibson of ABC News asked Senator Barack Obama why he would support raising the capital gains tax even though "revenues from the tax increased" when the rate fell? Mr. Obama's famous reply: "I would look at raising the capital gains tax for purposes of fairness." Well, we were warned.Q. What sort of president would prefer taking in fewer revenues to the government as long as he could stick it to the "wealthy"?
A. A bad one.
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