What a deluded hole you are. Capital gains are just that, gains in capital, meaning more money going in to your bank account. What law of economics presupposes that money will be spent to create jobs??? It will more than likely be saved and squirelled away, basically taken out of circulation. In this economic climate, even the rich dicks aren't spending, so cutting taxes would only affect the higher income people and they would just salt it away. Tell me again how cutting taxes would help the poor and unemployed, OH that's right, you can't.
Med O' Mao
Do you not understand that savings creates money that can be loaned out to people aspiring to start businesses, and thus will create jobs?
Do you not understand that the biggest problem facing our nation is an over extension of credit with out sufficient savings and investment to back it?
How do you expect companies like GM, Ford, Chrysler, the NY Times, and others to be profitable if they can not afford the usury on the loans that they have taken?
Usury that is so high, due to a lack of savings and investment in the United States?
As far as your statement about capital gains, you're also neglecting the fact that the average American is likely to see capital gains from their houses when they sell them.
(Not that such gains are likely to be real, when you consider the fact that the average American also pays 2x more than a house is worth, and thus would have to see 100% profit after paying the mortgage, or would have to sell well before the mortgage amortized. Also, you can't neglect to add the cost of property taxes into the mix, which are another cost that decreases the actual capital gains from selling a house.)
Though I'm curious, where do you stand on switching to gold/silver backed currency?
