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Yeah, I'm sure that explains it, but it doesn't justify it.

• refurb 9y ago
  Do you see no value in tax incentives for investment? Also, keep in mind those very top people are likely not at the top that long. As someone else pointed out, those could be people that sold their company.
  • sumedh 9y ago
    > Do you see no value in tax incentives for investment? Warren Buffett and Bill Gates say capital gains tax should be raised.
    • refurb 9y ago
      I'd say that too if I'd already made my billions and paid taxes on it.
      • sumedh 9y ago
        You are not a billionaire so no point in talking about hypotheticals. For now actual billionaires don't agree with your statement.
  • scarface74 9y ago
    Unless you are a buying stock at a public offering, most "stock investing" is not investing into a company. The company doesn't benefit from the money you are "investing". If you bought $1 million shares of Google. Google doesn't get that money or use it for its operations.
    • refurb 9y ago
      I'm referring to people who sold the business they owned. To me, that would be the most common way someone would end up with hundreds of millions of dollars of income in a single year. If you owned stock in a public corporation, you'd be smarted to sell it over time to reduce the tax impact.
    • g4rthv4d3r 9y ago
      that is simply not true. the more you buy stocks in a company, the more its market cap goes up. with higher market cap, it is easier to invest in new businesses, acquire other companies, hire better people through stock incentives, etc...
      • scarface74 9y ago
        Market cap doesn't go up based on people buying shares. You are just trading ownership. In theory, the market cap of the company is the current value of all future returns.