So, what is worse:
A. This woman stating that we need to tax the ultra-wealthy more and cut spending so our country can get out of the massive debt we have created.
or, B. 85, and Republicans, being in complete denial that we have an outrageously regressive tax scheme in our country that taxes the middle and lower classes more than the ultra-wealthy?
Id say at this point we have reaped the benefits of a low capital gains tax about as much as was possible and now it needs to be readjusted. If nothing else it should be the same rate for investment income as it is for earnings. It was fine to encourage investment for a while but we have reached the point where wealth accumulation is a serious problem and we need to encourage spending those dollars somehow. I'm not a fan of taxing earnings at all but we know that it will never go away so just make it as flat as possible. Beyond that, its more important that if the economy truly is starting to pick up that we cut as much federal spending as is possible, not just to balance the budget but also to address prior debt.