Those lower rates of taxation on capital don't even incentivize investment, because investment is inelastic. What else are you going to do with the money, swim

Those lower rates of taxation on capital don't even incentivize investment, because investment is inelastic. What else are you going to do with the money, swim in it? It's just about rich people wanting a bigger share of the pie and having enough money to buy the policies they prefer. Similarly, we have laws that guarantee our right to talk with our coworkers about our income, but the penalties have been completely gutted. And the penalty for companies illegally colluding on salary by all telling a third party what they are paying people and then using that data to decide how much to pay is ... nada. We need to figure out how to have people who work for a living fund political campaigns (either directly with money or by donating our time), because this alternative of a badly-compressed jpeg of an economy sucks.