| Train wreck said: Capital gains income is generated from 4 main sources, Buying/selling of Stocks and bonds, buying and selling of precious stuff (like metals, art, coins, collectables) and land/real estate. Most people who make under $200,000 do not have those types of assets laying around, so eliminiating the capital gains tax for those income groups will have little material difference. |
I think you miss the point.
Which is that it's supposed to make it so people DO start buying stuff like that and get more investment minded and give incentive to plan for their future and to increase investments in general to kickstart the economy.
Additionally it would make it so things like QE and stock market biased economic policies(like those practiced under obama and bernake) help more then just the rich.
