When debating raising taxes on the wealthy, why don't Democrats point out that the wealthy

often don't have to pay any interest on investments because often they can pay cash or at least put more down. For a middle class person buying a house on a 30 year plan, they will likely pay hundreds of thousands just in interest, while a wealthy person buying the same house (perhaps as an investment) and paying cash, he/she pays nothing. The more wealth a person has the less often they have to pay interest and when you don't have to pay interest it's much, much, much easier to make a profit off investments right away. It's a huge advantage the Rich have over the poor and middle class and it NEVER gets mentioned. Why? I would have liked to see Hillary Clinton bring this up to O'Reilly on Fox last night.


Interest: The way the wealthy tax the shit out of the poor and middle class.

OHHHHHHHHHHHHHH NOOOOOOOOOOOOOOO!!!!!!!!!!

Don't want to use the "T" Word!!!! HEAVEN FORBID!!!!

Forget about paying down the Debt in our lifetime, or our childrens lifetime, or our children's children's lifetime.

Just because MILLIONS of people have money in 401(k) plans DOES NOT
mean that those millions of people benefit from a capital gains tax
reduction! As long as your money remains in your 401(k) plan, you
ARE NOT TAXED ON IT. The only people paying the capital gains tax
are those who are cashing in their stocks. When you cash in your
401(k) plan at retirement, I know there are taxes involved but I
don't think it's the same "capital gains tax" that ReichWingers are
desperate to keep low.

Plus a 10% penalty if you withdraw prior to age 59 and 1/2.

You are correct. No capital gains. People who mention 401ks and capital gains in the same breath are either lying or dumb.

In the Northeast, $100,000 a year in income is DECIDEDLY middle class. That same amount in Nebraska gives you a much better standard of living. We can't tax people differently because of where they live so it is a very delicate subject to discuss.

the wealthy buy several houses and have huge loans. They pay large amounts of interest to avoid paying taxes....or so I've been told.