Stroke the Rich — Bush’s bailout for well-off investors. By William Saletan

“But if investors are entitled to keep every dollar they gain in the stock market, it’s hard to see why they shouldn’t cough up every dollar they lose. That’s the principle that Bush and other Republicans propose to violate by increasing the amount of capital losses an investor can write off on his income taxes.

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This isn’t an across-the-board reduction of income tax rates. It doesn’t apply to wages. It’s a special tax break for investments. You can’t get it unless you have enough money to invest substantially in the financial markets?