Apr 25, 2021
The USA doesn't need to ATTRACT capital. It already has it. Do you think rich people are going to suddenly migrate to China if they get taxed at a higher rate?
People who advocate for higher capital gains taxes are simply asking that we return to the tax tables of the 1950s to 1970s.
Those tax rates had no ill effect on incentive or wealth.
If you make 7 billion, you can spare 3 of it to help build bridges.