Put some facts out to back up your nonsense.
Twenty years later, the capital gains tax breaks are back with a vengeance-- the top tax rate on capital gains is 15 percent, less than half the 35 percent top rate on regular income-- and Berkshire Hathaway chairman Warren Buffett is ringing the same bell:
Last year, Buffett said, he was taxed at 17.7 percent on his taxable income of more than $46 million. His receptionist was taxed at about 30 percent.
By most accounts, the driving factor behind his super-low tax rate is that virtually all of his income comes in the form of capital gains.
Talking Taxes: Buffett: The Rich Pay Too Little
What you mean is "he would pay the same" - what you fail to acknowledge is that most wealthy people don't. Not if their earnings mostly come from capital gains.
The government plays an important part in helping him make his riches. Sure, he probably doesn't have to use Medicare, but you're fixed on the social programs alone. I already listed all the benefits people like Buffett derive from our form of government, that you want to deny it just shows thickheadness and unwillingness to give up the nonsense that rich people hoarding more of their money helps you and me and the country. It has been proven wrong.
They still enjoyed their tax cuts in 2008 and 2009, so where are the jobs that allowing them a lower tax rate brings? Where are the businesses that are supposed to be stirred by their tax cuts. If it wasn't for Obama's recent bill to help small businesses get loans, they wouldn't be able to because banks weren't lending, the rich people are hoarding their money, the only thing they are stimulating is their own bank accounts.
