Nobody agrees with me that jacking up the tax rate on capital gains, is just about the worst place to raise revenue? (The Buffet Rule doesn't raise jack sh*t in revenue in any event; 6 billion a year is next to nothing, and that may assume a static rather than dynamic analysis, while portending an increase economic inefficiency.) Cut the deductions first, and then ... well I am repeating myself. I mean I dump on Romney when he is wrong. Do you guys just think all of Obama's ideas are the cat's meow? And I am one Pub who agrees that we need to raise more revenue, and we still can't agree on much, including trying to raise revenue in a way that will minimize economic distortions, and increase economic inefficiency.
It is going to be a long campaign.
You'll get no disagreement from me, but you keep presuming that the vast majority of Americans have any understanding of taxes or tax rates or economics, especially involving taxes they don't pay. I also don't see why you think this site will be any different, being populated by liberal arts major types who couldn't balance a checkbook if their life depended on it. I've lived too long with those types, and now I deal with lawyers, who are just the same, except that they can argue consistently.
One thing is almost certain - Buffett will end up making more money through this plan. His involvement with government on anything is always towards this end. I think I know how, but will not say that much at this time.
aren't you a music major?
Have a couple of degrees in music composition, which is probably as mathematical as you can get within the artistic community outside of architect. And I also have a law degree. I don't deny that I would fall within the liberal arts major world, but my critique is based on strong observation. I saw with my own two eyes how scared law students would get in law courses that had anything to do with mathematics.
I also will admit my knowledge in economics is based on a lot of reading and study, as opposed to serious college coursework. I took a statistics course, a sociology course and an economics course, but I simply never had the time to do both music and seriously engage in college courses in other disciplines - that was part of the degree. I never went to business school, but I have also operated the finances of a couple of businesses (albeit small business), and know accounting.
Anyway, this is a little off-topic, but hey...