4 ms·
It's precisely why high income taxes on the wealthy should exist. With high income tax, they have an incentive to invest more money than they keep (rather than
by krisdol 12y ago
It's precisely why high income taxes on the wealthy should exist. With high income tax, they have an incentive to invest more money than they keep (rather than hand it over to the government). With low taxation, they can take a small hit and hoard whatever amount they feel like they should. Not taxing the "job creators" stops making them "job creators". Furthermore, keeping wages low prevents regular workers from ever becoming "job creators".
- akmiller 12y agoThe wealth disparity that is increasing is mostly due to investments and an extremely low capital gains tax. We can't just increase the income tax because the wealthiest 1% probably don't even have much of an income...they have capital gains from investments. Yes, the income tax needs to be increased (or actually more brackets need to be created) but we also need to raise the capital gains tax for higher amounts of capital gains.
- sp332 12y agoI think you have something backwards. A high income tax on the rich would decrease the amount of money they get to invest, and also reduce their returns on that investment.