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Subject:  Re: Could your retirement survive this? Date:  5/10/2008  12:38 PM
Author:  MadCapitalist Number:  13055 of 22164

Obama seems to to NOT understand that many retirees supplement their Social Security income with interest, dividend, and capital gains income. His kind (tax the rich demoquacks) seem to prove how economically ignorant, they really are, everytime they propose another tax increase on investment income.
This is just plain STUPID!!!! IMVHO.
Their proposals will only DECREASE total tax revenues, NOT increase tax revenues!!!!!!!

I think you have made an erroneous leap from the correct idea that *sometimes* an increase in tax rates leads to an decrease in revenue in certain situations to the incorrect idea that a increase in tax rates will *necessarily* lead to a decrease in tax revenues.
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