Quote:
Originally posted by sebastian_dangerfield
Uh, read a lot of what you've written today, then Google some of Edwards' "Two Americas" stuff. Perhaps it's an inability to draw the nuanced differences between your positions in a rapid fire medium like this, but what you've argued today and what he argues look pretty similar.
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It's largely the fact that I've given the nuanced, detailed explanations a million times already. I'm not in favor of wealth redistribution. I'm opposed to people who don't deserve them getting tax breaks.
I don't think that CSX dividends (earned by someone else's grandaprents maybe, mine ran a drugstore) should be taxed at a lower rate than the salary I earn or the hourly wage a stockboy earns at Wa-Mart.
I also think it's bullshit to try and characterize capital gains as money that has already been taxed. You don't get taxed on what you put in, that's called basis and you recover it before teh first penny is taxed as capital gain. I don't think we need to provide an incentive for people to make money. And I think that if we do, then we should provide me an incentive to show up every day and earn my paycheck.
The last point, by the way, is one of the things we agree on. Steve Schwartzmann, Henry Kravis, and Leon Black are getting a break on their paychecks. We both think that's wrong.
You were right, there are a lot of things we agree on and a lot we disagree on. You've seen me say all this before. You should know better than to lump me in with somebody who thinks that every family in America with an income over $250,000 should be forced to buy a car and a color tv for a Mom on welfare with 15 kids.
