2 ms·

This is why the top income tax bracket should be taxed at the rate of 70% or thereabouts. Also, increasing the corporate tax rate would capture some of the gain

This is why the top income tax bracket should be taxed at the rate of 70% or thereabouts. Also, increasing the corporate tax rate would capture some of the gains which currently go to increases in stock valuation. Basically, bring back the pre-1980s tax regime.

dredmorbius 5y ago
You cannot rely on strictly taxing income if capital gains and asset inflation are free rides.