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Change Capital Gains Tax Rules to Benefit Everyone

By: Bartlett, Bruce | Columbia Daily Tribune (Columbia, MO), July 15, 2006 | Article details

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Change Capital Gains Tax Rules to Benefit Everyone


Bartlett, Bruce, Columbia Daily Tribune (Columbia, MO)


On Monday, Wall Street financier Henry Paulson was sworn in as the new secretary of the treasury, replacing railroad executive John Snow, who stepped down. Paulson and Snow have very little in common except one thing: Both were very, very rich when they became treasury secretary. This raises a question in the minds of some people: Why do such people take government jobs, even if it is being secretary of the second-highest-ranking department in government? (State is first, by the way.)

One reason, obviously, is a desire to perform public service - a belief that they can make a difference in terms of policy that will make America a better place. Another reason is prestige. …

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