bendog
Diamond Member
I'm not sure the evidence bears that out. Raising cap gains on long term held investments probably does reduce tax receipts ... and it probably causes money to stay in less productive investments that it other wise would be invested in.Raising cap gains rates lowers revenue.It doesn't work as intended, anyway, why not generate revenue to meet any exigency?Sure lets tax cap gains more. That has worked out really well so far. Lowest level of business formation ever.Maybe the capital gains distinction on income could end whenever we are run massive federal budget deficits.All the more reason to increase taxes on those rich Wall Streeters' capital gains!!!!!Natural vs. unnatural? Wealth has become concentrated because we've flooded Wall St. with a gazillion $$.. who'd' people think was going to get rich? Welfare recipients? The middle class?
But, I don't recall any unrefuted evidence showing raising cap gains on short term investments would actually reduce receipts.