Jerry Anbar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Simic in the period after world war ii in the middle class was the engine of our prosperity. Whether you owned a company or swapped its floors or worked anywhere in between this country offered to a basic mark. A sense that your hard work would be reworded with fair wages and deep benefits, the chance to buy a home save for retirement, and most of all a chance to hand out a better life for your kids. But over time, that engine began to stall and a lot of folks here saw. The board and began to fray. We start with Kevin Williamson in this event mr. Williamson talks about the imbalance of wealth ...

and this is what's happened. after every recent capital gains cut, rate cut, in 19 81, 1997 and 2003 capital gains revenue actually increased. you had a cut in the rate in 1981, 1987 and 2003 and what happened? the revenues actually increased. lower rate, higher revenues. how could that be? well, because with the lower rate, people sold more assets and created more economic activity. capital gains tax rates increased by between 37% and 114% over four years. and that's after inflation. by contrast, after a capital gains rate increase took effect in 1987, that was just talked about a m...