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Mittens and Taxes

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In light of the remarkably low tax rates Mitt Romney is paying, this bit from Rick Perlstein’s excellent new column seems especially relevant:

He’s still inauthentic – but with, I think, an exception. Every time he opens his mouth on the subject of capitalism, he says what he sincerely believes, which happens to fit neatly with present-day Republican ideology: that rich people deserve every penny they have, and if people complain about anything rich people do, it’s only because they’re envious.

In addition, Krugman makes an important point: this should help to illustrate how stupid it is that capital gains are taxed at lower rates than income. This makes no sense in terms of either equality or “free markets” — and the official Republican position seems to be capital gains taxes should be eliminated entirely.

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