Barack Obama Explains The Capital Gains Tax...

...and not very well. This man, who says he wants to make the tax system fair, is proposing that we double the capital gains tax, which would effectively raise taxes on anyone investing in the stock market. Now, most of you Democrats reading this have been taught by your party leaders that only the rich invest, and so Gibson's point that 100 million Americans own stock might come as some surprise to you.

Here's the video, followed by some commentary.



Executives paying lower taxes than their secretaries? Ed Morrisey at Hot Air explains why Barack is stupid:

He talks about billionaires paying a different rate than secretaries on income, but that’s purposeful. The idea behind a lower capital gains tax is to encourage risk-taking. The secretary in this parable garners an income at much lower risk because investors have taken a risk in creating her job. When the risk succeeds, it generates much more taxable income across the board. When it doesn’t, the investors lose a lot of money.

If the risk carries a heavier tax burden, less money will go towards investment. People will instead put their money into safer, less risk-intense areas, such as savings or low-yield bonds and commodities such as gold. That will create fewer opportunities for employment, which translates across the board into less revenue for the government as well as a stalled economy. The surest way to start an economic disaster is to increase penalties for investment.

Thanks, Ed.

When Obama isn't talking in platitudes about "change" or "hope" or "believing", he sounds pretty dumb. It makes me anxious for November. Not that any of this will stop the cult from following him into the depths of Hell itself. No sir, not them. Just shut up, fall in line, and for God's sake don't tell the emperor he has no clothes on. Right, guys?