Following selection was taken from letters-to-the-editors columns of newspapers and magazines. Identify any fallacies that may be committed, giving a brief explanation for your answer. Then, if a fallacy is identified, discuss the possible factors that led the arguer to commit the fallacy.
A capital gains tax [reduction] benefits everyone, not just the "rich," because everyone will have more money to invest or spend in the private economy, resulting in more jobs and increasing prosperity for all. This is certainly better than paying high taxes to a corrupt, self-serving, and incompetent government that squanders our earnings on wasteful and useless programs.