The random political thoughts thread (Part Deux)

[Ghoulish Delight]

Originally Posted by Morrigoon

The problem you have is with incentives and reinvestment. You can't tax investment so heavy that there is no benefit to putting your money into anything (vs. the risk)

You're right, which is probably why capital gains taxes are at their lowest level in ~80 years.

It is complete fiction that the highest earners/wealth holders in this country are being over-burdened by taxes. They can point to individual pockets of taxation that make it look that way, but that's only because they have been increased in an attempt to balance out the fact that the rest of their money is completely sheltered from taxation and that, overall, by any practical definition, they pay far smaller percentage of what they actually earn in taxes than the majority of this country.