Diary

Am I the only one who finds Jerry Brown's latest ad offensive?

Jerry Brown’s latest ad, claiming that Meg Whitman’s plan to reduce capital gains taxes is a billion dollar gift to the rich. just plain offensive.  Let’s see, first of all, its my money.  So if you let me keep more of it, its not a gift.  Second.  I’m not rich. Most people who pay capital gains taxes are not rich  They are middle income people who invested in rental property or middle income people who bought some stocks.  Sure, if you look at only the income for the year of the capital gain they look rich.  If I own a rental property for 20 years I might have 200,000 gain, which is more than my earned income ever was.  Please, Meg Whitman get some people who want to keep their own money who are like me, to talk about that issue.