Quote:
Originally Posted by Arles
One thing I'm curious to hear what you guys think about is the idea of a 1-year cap gains holiday. Basically, the quickest way to improve the economy/confidence is to get as much money into the market as possible. If you raise (or even hold) cap gains rates, you will add even more disincentive to invest given the shaky confidence. I will admit I don't know the "cost" of this, but it seems like it may be worthwhile item to investigate.
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I'm against all loopholes of this kind. They are just as bad as the fallacy of tax increases on the wealthy. The average citizen has their overall income indirectly devalued under both circumstances. Anyone who suggests otherwise is just playing politics.