Originally Posted by slapass

The main reason we see people willing to tax the rich is that they have had their tax rates lowered for the past 40 years. Then add in the banking fiasco and people are more willing to bun the rich at the stake. I don't see where anyone suggested taxing unrealized capital gains.
The US is piling up huge debts. You can't keep cutting tax rates and spending more. We need to spend less and tax more. There is no other way. Interest payments are lower then they were in 2001 thanks to lower rates and we had a surplus then. Since then we have lowered rates on the rich(Bush temporary cuts) and spending is out of control.