SilentReader wrote:Yep. No one says it like Rush.Yes, RushReader, we are sure you are amused that old Lardo knows how to takes snippets of various interviews, take them out of context, and reassemble them in a manner that gets the IQ deficient foaming at the mouth. That there are a lot of folks like you who love to listen to him, suspend normal cognitive thought processes, and take everything he says as gospel truth, has never been an issue. You are, unfortunately, legion.
With regard to capital gains tax policy, the present capital gain rates (i.e. the Bush tax cuts) were made to help out the wealthy. It's that simple, and they really do appreciate you wanting to look out for their interests.
Here is a graph from a 2006 article, using data through 2004:

In 1962, the richest 1% of Americans had 125 times the wealth of the median family, income wise. While it has grown steadily since, it took it's biggest jumps after Reagan took office and after Bush Jr. took office. In 2004, it was 190 times the wealth of the median income. Lord knows what it is now.
http://www.epi.org/content.cfm/webfeatures_snapshots_20060823So how much wealth do the super rich control?
Today the top 1% of households receives more pretax income than the bottom 40%. And the distribution of wealth is even more lopsided. The top 1% of households owns nearly 40% of total household wealth -- more than the bottom 90% of households combined -- and earns half of all capital income. Income and wealth are more unevenly distributed among Americans than at any time since the Jazz Age of the 1920s. On measures of income and wealth inequality, the U.S. tops the charts among the advanced industrial nations.http://www.businessweek.com/@@*7OQP4YQG8gsPxgA/magazine/content/04_44/b3906038_mz007.htmOh, BTW, the above article was from late 2004, and closed with this sentence:
If Bush is reelected, America will continue down the path of increasing inequality in income, wealth, and health, with dangerous implications for U.S. democracy.Yup, that's what has happened.
Yes, Obama's tax plan will redistribute some wealth from the rich to the middle class and poor, mostly to the middle class. That's a good thing. Keep listening to Rush, though, and he'll keep telling you why it is good for that divide between the rich and middle class to continue to grow ever wider.
And you'll just continue to foam at the mouth and say "Yes, Master....I will obey."