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As an investor who is part of the 99%, I abhor the capital gains tax. Other problems which he did not mention is that the capital gains tax reduces liquidity and promotes a stagnant economy. Folks are less likely to buy and sell because of the prospect of losing a chunk of money that they've made through speculation. I would, however, selfishly support a progressive capital gains tax -- only because it wouldn't apply to me.
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Even Karl Marx believed in 0% capital gains tax...but you wouldn't know that because stupid people don't know they are stupid.This is a capitalistic economy. I know you like socialism and that's fine. Go live somewhere where it works...I know there aren't that many places because socialistic counties don't last very long,,,Cause it doesn't work. Look at what does work, pragmatically, (have someone look it up) not what you feel might work. The road to hell is paved with good feelings..
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you haven't cut your hair yet? =))
Nice video, but the whole point is that banks are floating in large amounts of money and when they flood the market with shiet-load of money a new economic crisis will start because the value will go down(hyperinflation) :-\