Sarmad, > With $11 trillion lost in stocks, about $10 trillion lost in house prices, and even more in commercial real-estate, very few people will be paying capital gains tax in the next few of years.
OK then let's just raise the capital gains tax even more, since you think I'm nuts to assume it's going to cause money to flow out of stocks.
So let me ask you then. What do you think is going to convince investors and speculators to put money back in the stock market? Finding a bottom in this recession? We're already creating one thanks to policy, and that's even assuming a semi-competent Obama administration. But the unintended consequences of said policy are a b!tch, and it's going to come around to bite us in the butt.
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