Yea... last year there was a serious Congressional discussion about raising the capital gain rate (this was after the flash crash and people didn't like short-term traders/speculators).
The problem is that higher capital gains = less investment. This would make the markets less liquid. Pension funds would inexperience greater slippage on equity transactions hurting retirement folks. Less liquidity in Treasuries would result in higher interest rates... that would also increase rates for all loans (mortgages, car loans, student loans etc.)
P.S. LOL at Jeff (probably) for giving a thumbs up to every Bill Haverchuck post.
Every Utopian system failed (e.g. Soviet Union, Nazi Germany, China under Mao). The reality is that capitalism is the best system we have and the U.S. is moving away from it.
Last edited by 6cubed; 08-10-2011 at 02:49 PM.