But That's Not Fair!

Obama wants to almost double the capital gains tax from 15 percent to 28 percent. In other words, you buy an asset, hold it a while, it goes up in value, and when you sell it you pay 28 percent of your profit to the feds. Well, the government needs that money, right?
Actually, studies have concluded that when the capital gains rate goes up, government revenue goes down. So in the long run, it is actually COSTING them money to take money from us.
But Obama says he would consider raising the tax for purposes of FAIRNESS!!! In other words, they're rich and you're not and that's not FAIR so we're going to take it from them, even if that results in less money to the gov't. Give me a break! That's not capitalism and that's not the American way. If you don't believe me click here to hear it from the socialist himself: (If you want me to explain to you Barack's ridiculous example of a hedge fund manager and his secretary, let me know - it's a load of crap).
BTW, it's not only rich people that pay capital gains. Darrell bought a house in SC, worked his butt off on it many weekends, sold it at a profit and had to pay capital gains. I guess it wasn't fair that he was able to do that and others can't.