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I'm not saying you shouldn't redistribute. I don't have a problem with that actually. I'm arguing that if you are going to (and let me reiterate, I think we sho
by jnordwick 11y ago
I'm not saying you shouldn't redistribute. I don't have a problem with that actually. I'm arguing that if you are going to (and let me reiterate, I think we should), there are much better ways to do it than a tax on capital.
Capital gains taxes make up about 4% of total revenue. For that 4%, we pay almost half of that on enforcement. So, for 2% of our revenue, we do some pretty nasty damage. There definitely are better ways.