Ronald Reagan thought the tax on capital ought to be higher than the tax on labor. The Republican party and along with it the Democratic party have shift very

Ronald Reagan thought the tax on capital ought to be higher than the tax on labor. The Republican party and along with it the Democratic party have shift very much to the right on this issue in the last 40 years. Capital gains, dividend, and inheritcance taxes ought to be way higher. As Gates says, forget income taxes as the focus. Tax the things that count the most. I think also we should increase capital controls at the national level. Do away with capital controls allows rich people to move money they control without regard to nation where they made that money.