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At 100% tax, no one takes any risks. Big players contribute to the economy as a whole through capital investment and get a return on their investment's growth.
by iambateman 13y ago
At 100% tax, no one takes any risks.
Big players contribute to the economy as a whole through capital investment and get a return on their investment's growth. To the extent that we tax them into a corner, we reduce their incentive to make capital investment.
In the long term, we do not increase opportunity by reducing capital investment.