3 ms·
I believe the author is referring to the lower tax on capital gains than on income in many situations. I haven't read it personally, but I understand that Thoma
by thetwentyone 9y ago
I believe the author is referring to the lower tax on capital gains than on income in many situations. I haven't read it personally, but I understand that Thomas Piketty's “Capital” discusses this at length where there's a built-in structural favoring towards capital's rent over labor's wages.
- tnecniv 9y agoAlso tax havens and loopholes I suspect. Bon Jovi has some number of strawberry bushes on his estate so that he can count it as a farm for tax purposes.