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I am still waiting for someone to make a good argument that effectively counters Buffett's OpEd. 'changing tax laws is going to change capital investment' is n
by pyoung 15y ago
I am still waiting for someone to make a good argument that effectively counters Buffett's OpEd.
'changing tax laws is going to change capital investment' is not an argument against changing tax laws. Capital investment is affected daily by economic growth, interest rates, investor confidence, and a large number of other factors. Buffett points out in his OpEd that when capital gains tax were much higher in the past than they are currently, economic growth was higher than it is now. This implies that higher capital gains results in more effective investment. Until you can counter that, you do not have a point to make (and please, no more comparisons to Mongolia).
Also, only someone affiliated with the Nazi party would try to come up with an addendum to Godwin's Law. Sorry, I had to.