Capital gains add to revenue for the individual or corporation. The rationale for treating it as special-class income seems obscure, especially when considering how much less effort is often involved in acquiring it. The difference, of course, is the taking of risk, in theory. But it is arguable that it should be treated in the same manner as oridnary income from any source.

As for the difference between Obama's administration and the last eight years, why not suspend judgement for the next 160 days?




A