Thursday, March 27, 2008

Oh, my: Obama wants to raise the capital gains rate, but...

....guess what: Obama doesn't seem to have much invested in anything upon which to pay capital gains. Or so says John Fund, at the Wall Street Journal.

If the good Senator did have some investments, he might understand that people refrain from committing taxable acts when the tax rate is too high, and do commit such indiscretions when it is relatively low.

Which is more likely to produce income for his favorite institution? And which is more likely to be better for the economy?

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