Hi everyone,

There has been some rhetoric about capital gain taxes and the need to increase to increase it. Let me make a few points here:

* Capital gain taxes is not paid by just the wealthy, but by just about everyone except the lowest quarter of the income segment of the tax paying population.

* No matter what is said, it is a proven fact that revenue to the treasury increased both after the Clinton capital tax decreases and the Bush capital tax decreases.

The question now is, why would anybody want to increase the capital gain tax if it likely will result in a decrease in tax increases revenue to the treasury? I don’t have an answer to that, except that it is all politically motivated without a sound financial reason.

I feel that there should be no capital gain tax, as this is a tax on money that has been taxed already. I don’t think there should be a tax on capital as it will decrease the amount of money that can be invested to further grow the economy and create jobs. There are several wealthy countries, including Switzerland, that do not have a capital tax. I believe that extra investment money would indirectly increase the revenues to the treasury by additional economic activity and make all of us better off.

Cheers,

Patrick