Real GDP Falls Because the Rich Aren't Taxed Enough

Yesterday the "good news" from the White House was that Q4 GDP grew at a 2.8% rate. This brings GDP up to a stunning 1.5% for the year 2011. But the really important stat is that real (inflation adjusted) GDP has actually fallen by 1.2% over the last 5 years. Against a backdrop of zero growth, the biggest economic issue in the State of the Union address was  . . . .  growth?  Nope. According to the President what's been holding us back -- the reason there has been been no growth in the economy -- is that The Rich aren't paying enough in taxes. In fact in order to get more investment capital in the economy the President proposes to double the tax on capital gains from 15% to 30%. Now there's a real growth initiative. What's next? Another tax on seed and fertilizer to get crop production going?