Remy Trupin’s idea for Washington state to tax capital gains by 5 percent is just another ploy to clip the pockets of our citizens so the state can continue its wasteful spending practices. (Sunday Viewpoints commentary, “One way to get off the revenue roller coaster.”)
He even says a portion can be placed aside for a rainy-day fund. Uh … isn’t that precisely the fund the state laid waste to? He says Oregon taxes capital gains by 11 percent, but he fails to tell you that they don’t have a sales tax like Washington does. And he says only the rich would have to worry. Excuse me, but a capital gains tax would be used to steal money from everyone’s IRAs and 401(k) when withdrawals were made. Besides, don’t you think it’s smarter to leave the money in the taxpayers’ hands to spend and invest and thereby creating jobs?
Again, we don’t have a revenue problem, we have a spending problem … Hello! With a show of hands, who would like to see Remy and his “tax-increase plan” board a coaster to, say … Mars??