Oct 03, 2012 8:48 PM
I love Thomas Sowell. Just when I think I've become too cynical to care about politics any longer, he writes a column that just infuriates me, and reminds me why this country needs to be abandon capitalism altogether. Capital gains should be taxed at a reduced rate because the (wealthy) investor is risking his money?? Sowell uses several well-picked examples to involve actual labor in creating the capital gain, but in reality, most capital gains are the result of a rich guy calling his broker. He actually empathizes with the investor because he was "brave" enough to try make more money for himself. And he demonizes the worker who slaved to make his meager earnings, because, afterall, his earnings were "guaranteed".