In 1997 congressional testimony, Greenspan said the “major impact” of the capital gains tax, “as best I can judge, is to impede entrepreneurial activity and capital formation.”
“The appropriate capital gains tax rate was zero,” he added.
Monday, September 12, 2011
ANOTHER REASON WHY ONE TERM == FAIL
A Republican president would likely place extreme ideologues like Mark Levin in important positions. Alan Greenspan was nominated to be the Fed Chairman by St. Raygun and was a Free Market Fairy Extremist:
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