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Just exactly how does taking 28% in capital gains of the investment in their homes for a retirement nest egg help retiree's? How does it help investment in a home?
How does 39.6% tax on stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends help you invest for retirement. It doesn't. Obama's tax plan will make you rely 100% on the government for these decisions. It is the foundation of socialism. Complete economic control of the individual. Why else do you think he was such a celebrity in Europe. He wants to change the free market economy into a "fair" market economy where the socialists control and determine what is fair.
Social Redistribution. Social redistribution--the shift of wealth and resources from the rich to the rest of society - WHERE WE STAND
The Political Perspective of the Democratic Socialists of America, Section 4. Right now the rich are defined as those singles who make more than $200,000 and married more the $250,00 or 28% tax who sell their homes or 39.6% tax who sell their retirement investments. The numbers will increase as the Democrat government gains more control and the social programs grow.
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