Re: “Jeb Bush and the laziness doctrine” (Paul Krugman column).
It seems that Jeb Bush is already off to a wobbly start, since he managed to immediately stuff one foot in his mouth. It was his brother, George W., who predicted his tax cuts on capital gains and dividends would usher in an “ownership society.” But the opposite happened.
In 2000, one of every eight taxpayers had capital gains income. In 2012, it was one in 15. Capital gains is taxed at a much lower rate than regular income, and wealthier people enjoy this tax loophole.
Since the Wall Street …