Biden and unity is a contradiction in terms. He is almost dictatorial (Why else is he looking into court packing?)
That said, I don’t get the rest of this. Why would higher capital gains rate on the wealthy cause long term damage to the market? So instead of making a mountain of money they will make a hill of of it.
Obviously there will be some reluctance to get involved in RISKY investments because the risk makes less sense when the profits will be highly taxed. Either you lose your money or the government will take the profits and the only reason people make risky investment is because of the higher potential for gain.
Even so for non risky investments if you believe you can make money in the market why would higher taxes keep you out of it? Where else do you expect to make it?
Biden and unity is a contradiction in terms. He is almost dictatorial (Why else is he looking into court packing?)
That said, I don’t get the rest of this. Why would higher capital gains rate on the wealthy cause long term damage to the market? So instead of making a mountain of money they will make a hill of of it.
Obviously there will be some reluctance to get involved in RISKY investments because the risk makes less sense when the profits will be highly taxed. Either you lose your money or the government will take the profits and the only reason people make risky investment is because of the higher potential for gain.
Even so for non risky investments if you believe you can make money in the market why would higher taxes keep you out of it? Where else do you expect to make it?
Rand Paul is one smart guy – this was tongue-in-cheek on his part