Word: bondses
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Instead of lowering the capital-gains tax, Lewis proposes raising it to 39%, the same level as the top rate paid by the rich on the income they get from their various income-producing investments, such as government bonds. That, says Lewis, would eliminate the favoritism shown to stocks over...
No doubt he's being coy with this modest proposal. But coy or not, he's missing the basic point that the stock market is a far more important national resource than the bond market, particularly the government bond market. After all, what is the government bond market except a...
His first assertion, that a ban on divorce is desirable for it encourages couples "to work through their differences instead of splitting up" is a gross simplification of relations between men and women. Two people who buy a house and raise a child together have plenty of forces binding them...
But Forbes' plan would do little to disabuse taxpayers of the notion that the rich get a better deal from the tax system. Under his proposal, an investor in Boca Raton, Florida, who racks up $500,000 in income from bonds, stock dividends and capital gains would pay no income...
Naturally, David is horrified that his sister would even consider having an abortion simply because of the child's sexual orientation. He sees his own life being "rubbed out" along with the fetus. Suzanne, in turn, resents David's intrusion into what she considers to be a very private affair...