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Replies to #52598 on Biotech Values
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croumagnon

09/20/07 6:39 PM

#52600 RE: DewDiligence #52598

"What’s objectionable to many about HillaryCare is the size of the bill and how it will be funded: by increasing taxes on dividends and capital gains, among other things."

So what is wrong with that? I never understood why it is OK to have a high tax on "earned income" but not an equally high tax on "passive income" such as dividends and capital gains. In fact, you could make the reverse argument by noting that the poor people have to work for their earned income while the rich people simply sit back and collect on their investments without sharing in the tax burden... Of course, all of us investors will not be happy with an increase of capital gains tax and taxes on dividends, but c'est la vie when we all want to partake in the amenities that the country has to offer...