[USNBandit]

Under the premise these people have proposed long term capital gains would be taxed at the same rate as income. I don't know where their capital comes for investment, but mine comes from my income. I don't think I should have to pay taxes over and over again for investing money that I already paid taxes on. This whole thread has become a class war.

I guess I should have quit engineering school and become a historian where you can make $1.6 million a year working for Freddie Mac.

[wmfights]

I don't think I should have to pay taxes over and over again for investing money that I already paid taxes on. This whole thread has become a class war.

I'm with you 100%.

I guess I should have quit engineering school and become a historian where you can make $1.6 million a year working for Freddie Mac.

This is what is so irritating about this argument. When Newt was attacked for making a living using his most valuable asset (his connections & influence) I defended him. He broke no laws and his clients got what they paid for. He has every right to be as successful as he wants to be just like anyone else.