Taxes actually encourage spending, whereas low taxes seem to encourage holding onto wealth. If you can spend X to build your company and write that off, that's

Taxes actually encourage spending, whereas low taxes seem to encourage holding onto wealth. If you can spend X to build your company and write that off, that's better then giving it to the government. There is the persuasive argument that when rates were super high (90%), this spurred investment and jobs. Also make exec compensation a bigger issue to stockholders. I think I read the Norwegian capital fund is trying the latter.