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I think it depends on which taxes we're talking about. Capital gains taxes should increase back to the levels they were at during the Reagan administration, tha
by slowmovintarget 6y ago
I think it depends on which taxes we're talking about. Capital gains taxes should increase back to the levels they were at during the Reagan administration, that is, capital gains as normal income.
Right now tax structures in the U.S. incentivize all of the bad patterns of the extreme side of the stock market (leveraged gambling, essentially) instead of manufacturing and employment. The incentive for corporations, then, is to outsource everything and play the margins.
The people who have the most to gain from such a structure are the people who already have money to throw around. Most people can't play in that playground.