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A couple of things. If we tax capital gains as any other income, those retirees would probably be paying a rate lower than the current capital gains rate.
Second, the example you have been giving of vacant buildings and for lease signs - if you are talking about economically depressed areas where there is a need for a subsidy to attract investment - I think we have been in agreement that a subsidy is probably warranted. That does not, however, justify an across the board tax cut for the purpose for the purpose of stimulating investment where there is considerable evidence that such investment is not taking place despite significant cash reserves.
Regards,
D-Ray
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Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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