Friday, October 3, 2008

Dave Ramsey's Plan

It's a moot point now, but here was Dave Ramsey's proposed plan:

I mention it only because it recommends eliminating the capital gains tax entirely. His rationale is that rich people will use their own money to invest in the market--rather than risk not beating inflation by staying in cash or 2% money market funds--and the market will rise again on the backs of the upper class's investments, not general taxpayers. You have to admit, it's an interesting idea.

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