IP: More tax breaks for rich should be last on agenda

[David Farber <dave@farber.net>]

http://www0.mercurycenter.com/premium/business/docs/gillmor26.htm

BY DAN GILLMOR
Mercury News Technology Columnist

Congress is getting ready to pump serious short-term stimulus into the 
economy, reportedly $100 billion or more. The lawmakers should invest in 
our future. They should not solely encourage more of the spend-spend-spend 
American consumerism that has become the dangerously unsustainable linchpin 
of the global economy.

One of the worst ideas -- a capital-gains tax cut -- is predictably back on 
the agenda. Cutting rich people's taxes tends to be some zealots' solution 
to all societal woes. Is the budget deficit high? Cut rich people's taxes. 
Is there a big surplus? Cut rich people's taxes. Is terrorism threatening 
the economy? Cut rich people's taxes. Tornadoes, hurricanes and solar 
storms? Cut rich people's taxes



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