you can parse the impact of CG tax policy all day long, but the effect has been historically that it indeed raises CG taxes collected, and by a wide measure.

But beyond that, why should the government determine who is allowed to be "rich" with tax policy. That point was raised, and so far Obama is firmly on the side of penalizing someone because they happen to be successful. Government policy should not make these kind of policy decisions, rather it should make sure the opportunity to become successful is available to all.

You want to know what a millionaire looks like? It's your next door neighbor who ran his own machine shop for 40 years, saved his money, lived a modest life, drives used cars like most of us, and now has $1.5MM in his retirement account, and a paid-for-house worth another $600k. This is the guy Obama thinks is "rich" and needs to be penalized.

It's so fucking condecending it makes me sick.
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gwb72tii

Whenever you find you are on the side of the majority, it is time to pause and reflect.
Mark Twain [Samuel Langhornne Clemens] (1835-1910)