Dr. Carl S. Milsted, Jr. Article

Dear Group,

I'd like to comment on the article referenced in:

Message: 3
Date: Mon, 16 May 2005 23:14:29 -0000
From: "chugalugalug75150"
Subject: I'd like to hear some commentary on this

http://www.freeliberal.com/archives/001053.html

Why is it the liberal's default position to tax the rich? I am not rich, but I know this: I never got a decent paying job from a poor man.

And on a middle class salary, I never paid wages to anyone with the exception of people who I hire to take care of my meager real estate investments, which this guy wants to add another tax to.

I do agree, however, that the current tax system tends to force people to hold their investments longer than the optimum time in order to avoid paying capital gains tax. My meager real estate portfolio is proof of that. I have property that I've held onto for over 20 years because of this, not to mention the hassle and expense of going out and finding another tax shelter, and paying someone to justify the new shelter to the tax bureaucracy.

Robert L. Nathan