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>This is kind of all over the place and riddled with non-sequiters; Blanket dismissals aren't helpful. As the guidelines state: "Please don't post shallow dis
by opo 5y ago
>This is kind of all over the place and riddled with non-sequiters;
Blanket dismissals aren't helpful. As the guidelines state:
"Please don't post shallow dismissals, especially of other people's work. A good critical comment teaches us something."
>I will simply point out that we could raise the capital gains rate 5% tomorrow, and it would still be lower than it was when Amazon and Google were founded.
Well Google was founded in 1998. In 1998 the long term capital gains rates were 20% for those in the highest bracket and if held for over 5 years went down to 18%. Today's long term rates are 23.8% for those in the highest bracket. Where are you getting your numbers?
https://taxfoundation.org/federal-capital-gains-tax-rates-1988-2013/ https://taxfoundation.org/federal-capital-gains-tax-rates-19...
- ineptech 5y ago> Where are you getting your numbers? I was under the impression that the Google founders started in January of '96, when the rate was 28%, and '98 was when they legally incorporated. Perhaps they originally intended Google to be a non-profit, and only changed their minds in reaction to the rate cut in 1997? > A good critical comment teaches us something. Interesting complaint. What was yours intended to teach me? Other than your nitpick, you forgot to include the part where you actually disagree with my point (that asteroidbelt's dire prediction that entrepreneurs would have no desire to launch ambitious commercial ventures if we raise the capital gains rate is not supported by recent history).
- robertlagrant 5y agoIt doesn't have to refute your original point to teach something.