Economics 101: Why repeal the capital gains tax

I’d really enjoy seeing these videos showing up as public service announcement commentaries on the main stream media channels during news broadcasts. Dan Mitchell has another good one up this morning.

No time to comment, but if you can subscribe to Mitchel’s YouTube channel via RSS like I do, you’ll get notification of the videos right away.

httpv://www.youtube.com/watch?v=_yXINN1tD54

Ed Morrissey at Hot Air notes…

If nothing else, pay attention to one line in this video by my friend Dan Mitchell of the Center for Freedom and Prosperity: “No wonder Americans don’t save enough.” As Dan explains in this video proposing a repeal of the capital-gains tax, it simply doesn’t pay to save any more. Income from savings derives from monies already subjected to an income tax, which means that a capital-gains tax is a form of double taxation. The system rewards consumerism and consumption rather than savings and investment — exactly the criticism many have of Americans today

2 replies
  1. theignorantfisherman
    theignorantfisherman says:

    Don't worry… lol… pretty soon there will be NO capital gains…. to be taxed or Government tax revenues… I hope Obama watched this video… and learned something…. but He knows exactly what he is doing…wake up America! He trying to make a Galactic Empire as Darth Sidious did…

    I wur-wee

  2. Dimsdale
    Dimsdale says:

    To the socialists in the current regime, "capital" is profit, which does not fit into the socialist scheme.

     

    Of course, it is capital that drives the economy.  Even the ChiComs have learned this.  Why are our socialist/communist/progressives unable to grasp these concepts?  (that was a rhetorical question, by the way).

Comments are closed.