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Then add a progressive tax to investment income such as dividends, bond interest and proceeds. I don't know why we have a flat tax on investment income but a p

Then add a progressive tax to investment income such as dividends, bond interest and proceeds. I don't know why we have a flat tax on investment income but a progressive tax on labor. The easy, and fair fix, is to progressively tax investment income.

prostoalex 9y ago
The biggest players in the bond market are either exempt (they're a pension fund, a 401(k), a foreign entity, a university endowment, a charitable organization, a church or other kind of non-profit) or pass-through (mutual fund, ETF). I recommend Ken Fisher's "Debunkery" which covers a lot of economic what-ifs with hard data. Capital gains tax rates and treatment varied widely throughout the US history, yet collected revenues did not.