Weird times.
As part of the new omnibus spending bill, Obama wants to increase the capital gains tax from 15% to 20%. Squeeze those capitalists!
Guess which country has a 0% tax rate for capital gains?
Here in evil communist red China.
It’s true. It has been debated several times including in 2005 and in 2007. But no such tax has been levied on investors.
And not that I’m a fan of Newt Gingrich, but during his recent speech at CPAC he references China’s zero-tax policy as something the new administration should also implement.
In addition, this is the same evil communist China that is actively negotiating separate free-trade agreements with Australia, with the ASEAN bloc, with Japan, with South Korea and now with Taiwan.
Last night Jim Rogers talked about capital-gains with Larry Kudlow:
See also: Why Mish is wrong about China
Long on China, Short on the United States
The Peaceful Rise of China
[...] – For tech unemployment see the continuously updated TechCrunch Layoff Tracker. Regarding the drop in VC funding for the past year see, “The Venture Capital Crunch†by John Carney. For first quarter funding see, “Venture investing hits lowest level since 1998†by Rick Merritt. For a discussion on how bad Canada’s venture capital environment see “O Canada” from the WSJ. As far as IPOs go, see the Chart of the Day from Jay Yarow. And with capital gains see, “The rich irony.†[...]
Pingback by Where did you get those numbers? » Doctor Recommended — April 26, 2009 @ 4:55 am