Subject: Share the View: Capital Gains
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 06 Dec 2012 04:02:12 -0600

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SHARE THE VIEW

A quick look at Bloomberg News's opinion section

December 6, 2012 For more, visit 
http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae9b99f9e1bbb7747668392a36b8d8cb463273d5782bb4170d6 
www.bloomberg.com/view 

http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae9771b93003e73c1f34e54a224b55b8927a347eea4106222bb 
FROM THE EDITORS» 

U.K.:
U.K. Chancellor of the Exchequer George Osborne's "midyear budget statement, an annual set piece of Westminster's political theater, was the moment for him to relax austerity and introduce convincing measures to stimulate the anemic levels of investment and growth that now threaten long-term damage to the economy. Unfortunately, Osborne continued to play the role of Iron Chancellor."

http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae919dc251813dd192b1ef79b7644b45b38008b457e05ecee30 
Read more» 

U.S.:
The U.S. should raise taxes on investment income. "Taxing capital gains and dividend income at the same rate as ordinary income could bring in roughly $1 trillion over the next 10 years if the top marginal rate stayed at 35 percent. Another $700 billion could be raised if capital gains weren't zeroed out at death, requiring heirs to pay taxes on any gains that occurred before they inherited stocks, real estate or other assets." 

http://click.email.bloomberg.com/?qs=8884bf7873af268364b0f8066999fa368a97fb95369b1d58104f07b68acba610 
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COMMENTARY

http://click.email.bloomberg.com/?qs=8884bf7873af2683fb72b4e9bc74dd418673e1af40c33936d42d739fe776c7e7 
Ezra Klein» 

"Since 1950, federal revenue has averaged about 18 percent of gross domestic product. . . . The average of our past revenue isn't sufficient to sustain our future. In fact, it wasn't even enough to support our past."

http://click.email.bloomberg.com/?qs=8884bf7873af2683e85d26b2c4ac6974e72d68d2009bb4a6b15d23aa1bd5d9a2 
Read More» 

http://click.email.bloomberg.com/?qs=8884bf7873af2683cfedc36ea5baa58d2e8d2a12311d69c6a53d77e077f46fb0 
Noah Feldman» 

"In Rhode Island, a pension-reform plan hailed as a national model is being challenged as unconstitutional. Striking down reform would be a disastrous move -- not only for budgets but also for constitutional governance itself."

http://click.email.bloomberg.com/?qs=8884bf7873af26832c1a36cf8587e07c06e407f4c7f92ea7d2681ceb356aaca4 
Read More» 

http://click.email.bloomberg.com/?qs=8884bf7873af2683107412cc3a1aa18862f42dde384d413a11d3f246e7d3e8c1 
Margaret Carlson» 

"Grover Norquist looks and sounds like the leader of the Republican Party. . .  Norquist's influence stems in part from his accessibility. But the key to his power is that it has never really been challenged. We may soon find out what happens when it is."

http://click.email.bloomberg.com/?qs=8884bf7873af268347f3fb5a2d743c48f2af3c99285ebefb7b2c075cdbcc79b6 
Read More» 

http://click.email.bloomberg.com/?qs=8884bf7873af2683d1ce8cbac56315c22104bb7c8606b4a5451706fd6697934d 
Michael Kinsley» 

"I rarely miss an episode of 'Downton Abbey.' But at least I have the decency to be ashamed about it. The shameless popularity of this blue-blood soap opera, which starts its third season in the U.S. next month, is astonishing. We just had an election in which European-style social class divisions -- possibly for the first time -- were the predominant theme, and the working-class side of the argument won."  
http://click.email.bloomberg.com/?qs=8884bf7873af2683ebc47d50f47b8979cbac34ff159b9fa8538aa0fea9cbf7ff 
Read More» 

http://click.email.bloomberg.com/?qs=8884bf7873af26833280a694e69bd9ea48ffe496758ea8d40ff0b7151fbbef9b 
Caroline Baum» 

"The effects of higher tax rates may not be apparent in the short run," but "the dirty little secret, which everyone seems to know but no one is willing to utter, is that middle-class taxes will have to go up. Not this year, or even next year, but eventually."
http://click.email.bloomberg.com/?qs=e0e17ba77079aa8b56eb8ab5adbc4eab8d6accd99ae06be0b71b7cd4c0d899e8 
Read More» 

http://click.email.bloomberg.com/?qs=e0e17ba77079aa8bacecd344f1117a461d3b6e9ed80b19a6f05f87e4bc114f97 
Jonathan Mahler» 

"Football doesn't have a concussion problem. It has an existential one. . . . By framing football's head-injury crisis as a concussion crisis, we have understated its severity. Our scope of concern should go beyond observable phenomena."
http://click.email.bloomberg.com/?qs=e0e17ba77079aa8bb1274ab617c8edc50cc7a18de0e979be1b1cbad3966c46b6 
Read More» 

http://click.email.bloomberg.com/?qs=e0e17ba77079aa8bd16dc0bf24c17500bbff169811bc62bea7135ad19b7fa35d 
Yukon Huang» 

Despite their different models of the balance between the market and the state, U.S. and China "face surprisingly similar challenges to their variations of capitalism, from reducing inequality to promoting innovation." 
http://click.email.bloomberg.com/?qs=e0e17ba77079aa8b525d65940ac96759cf9a53afeefb77b2d3773446ba46761a 
Read More» 

FROM THE BLOGS

The Ticker

http://click.email.bloomberg.com/?qs=e0e17ba77079aa8bb977225e718282bcf714e93c4fc1e34bf62238b0c9869774 
Francis Wilkinson on Sheldon Adelson's $100 million union bust 
http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae9b99f9e1bbb7747668392a36b8d8cb463273d5782bb4170d6 
»

The Ticker

http://click.email.bloomberg.com/?qs=e0e17ba77079aa8b7471a3f59ac2068efb497c282ad8dacd30f45672f8355db7 
Josh Barro on the method to Adelson's madness 
http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae9b99f9e1bbb7747668392a36b8d8cb463273d5782bb4170d6 
»

The Ticker

http://click.email.bloomberg.com/?qs=e0e17ba77079aa8b41b6d911dff046e57dc87de16f135a46ab1463694bf30278 
Lisa Beyer on Wal-Mart discounting worker safety 
http://click.email.bloomberg.com/?qs=6f0fb4bad7364ae9b99f9e1bbb7747668392a36b8d8cb463273d5782bb4170d6 
»

SHARE THE VIEW

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