sf's error is to believe the claim that this is something more than a simple tax increase.......he's bought the propaganda without reading the subtext.....either that or he's bought the farm and is moving to the "it's not fair" crowd.......
tripling the tax on dividends, extending the reach of the IRS to money's not earned in the US, increasing the tax on capital gains......
SF's error is to buy into the left's 1/99% argument. I admit, it is easy to do, in the name of trying to remain moderately above the fray, but the entire narrative is rooted in Marxist Socialism. This is exactly how we ended up with the Pill Bill, and some might argue to an extent, what ushered in Obamacare. It starts out with the most harmless platitude, which appeals to emotion... Poor old people can't afford their medicine... repeated a million times with a million unrealistic scenarios, all tugging at our heartstrings until we just can't take it anymore, and we go along with the premise.... once that happens, the floodgates of liberal socialist government opens wide, to "fix" the problem by raising taxes, expanding government's intrusion in our lives, and running up debt. All they have to do is convince the SF's of the world, and they know this. They also know how easy it is to do. All they had to do here was continue repeating the OWS mantra, it took less than 6 months for SF to 'come around' and now he's ready to go along with this seemingly harmless idea of eliminating our tax deductions.
Now, if you had a crazy uncle who thumped you in the head every time he saw you, you'd think over time, you'd learn to expect it... SF is oblivious. He is simply too shallow and self-absorbed to listen to me, or anyone else, for that matter. In his head, he is being objective and sophisticated, and people like me are just moronic idiots who don't know what they are talking about, and incapable of comprehending his superior level of intellect on the subject. Whenever you hear liberal talking heads speaking of eliminating "deductions and loopholes" it means they want to eliminate the mortgage interest deduction and the tax protections for your 401k assets. This might effect the Trump's and Gates' of the world, but it will also effect most middle-class American families who own homes and have 401ks.
Liberals have been eyeballing our 401k assets since we created 401ks. There are billions in taxes which could be collected on our 401k accounts, they just need to convince enough SF's of the world to accept the argument and go along with "eliminating deductions and loopholes."