Charles Krauthammer On The "Fairness Doctrine"

Capital gains are treated differently than normal income because it is the pool of capital that allows the economy to grow. That's why, every time we have dropped the Capital Gains tax over the past half century, it has resulted in increased tax revenues overall. And that's why Sweden, the most "progressive" of the European socialist countries, recently took the "radical" step of dropping their capital gains tax to zero. There are a host of arguments to be made for treating capital gains differently than ordinary income, and Charles Krauthammer makes a lot of them in the video below.



(H/T Nice Deb)

I would just add that Obama's Fairness Doctrine is the pure and unadulterated language of socialism. It is not the language of capitalism.

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"Fairness" - The Essence Of Marx

The worth of a good pundit is that they get to the essence of things with brevity and clarity. And here is Charles Krauthammer doing precisely that in his most recent article on Obama's State of the Union Flop:

Hope and change are long gone. It’s now equality and fairness.

That certainly is a large idea. Lenin and Mao went pretty far with it. As did Clement Attlee and his social-democratic counterparts in postwar Europe. . . .

Back in 2008, Obama was asked if he would still support raising the capital-gains tax rate (the intended effect of the Buffett Rule) if this would decrease government revenue.

Obama said yes. In the name of fairness.

This is redistribution for its own sake — the cost be damned. . . .

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