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> the lower tax rate is an incentive to invest that money Why do you think an incentive is needed? If the tax rate on investment gains was higher, do you thin

> the lower tax rate is an incentive to invest that money Why do you think an incentive is needed? If the tax rate on investment gains was higher, do you think rich people would reduce the amount of money they invest? What would they do with their money other than investing it? > the tax on labor should be brought down Which government services would you cut to go along with the reduction in government tax revenue? Or would you put those payments on the next generation by borrowing?

konfusinomicon 5y ago
the incentive is not necessarily needed, but it does make that avenue to grow wealth much more attractive. if none, the richer would seek out other ways to grow that money that aren't as effective at growing the tax base, and in turn the economy. or they could just sit on it and grow their stack, passing it down as generational wealth, something akin to scrooge mcduck, swimming in his piles of money. as far as removing government services, I can't say exactly which ones I would cut, there are most certainly several, but the federal government needs to take a huge step back and allocate the money and power of many of its departments back into the hands of the state and local governments. there is too much nuance that the federal government doesn't understand about local communities that ends up inflating costs by ridiculous amounts because things are generalized across the entire population, and not tailored for the specific needs of a region.