Forbes Magazine
reports that 50 percent of all capital gains currently goes to just
0.1 percent of the population in the United States. As the economic
disparity in the U.S. continues to widen, the ultra-wealthy
capitalists’ share of the wealth grows by leaps and bounds. While
politicians serving the 1 percent claim that no money is available
for maintaining and expanding social programs, they have repeatedly
lowered the capital gains tax rate.
In 1978, the
capital gains tax stood at 35 percent and then was lowered to 28
percent. The capitalists’ friends in government continued to slash
the capital gains tax until under George W Bush, it was lowered to
just 15 percent. In a time when states are unable to pay for
education, health care and basic services, the excess and greed of
the 1 percent is truly despicable. Join us in the fight against greed
and economic disparity. Join us in the fight for socialism.
