01-05-2017, 01:54 PM
(01-04-2017, 11:05 AM)Warren Dew Wrote: It's the Democrats that protect Buffett and Soros, and the investment billionaires in general.
The Democrats had filibuster proof power for a while, and they certainly didn't do anything about that then.
This is both true and not. Special tax treatment for unearned income has a long and convoluted history. It was Eisenhower that first recommended it, but got stopped by the Democrats. It was Reagan that eliminated it, then changed his mind. Ultimately, blame GHWB and Clinton for lower rates on long term capital gains, and GWB for adding dividends and carried interest to the mix.
So, mostly a GOP policy.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.