Kasz216 said:
Not as of yet. However I don't favor raising the tax percentages either. Doing that to the people who actually do a large portion of investing and job creating seems like suicide with the financial situation as it is. I think a flat tax in the end is probably fair. Yet not feasable considering how the government currently runs, and that if we cut back on a lot of the useless crap the government does and focus some money on other needs like healthcare and other needs. I mean.... once everyone is taken care of by their basic needs... what's unfair about a flat tax? Once the basic needs are taken care of on all what's wrong with having a flat tax? |
You could also argue if the bottom half gets more money to spend, they will spend it; creating demand for goods and services (which is part of GDP, financial investment is not), which creates jobs and increases profits, making stocks more attractive to investors who will sell off gold, foreign bonds and foreign currencies to buy stocks, which means more money for capital(K capital as in means of production, not dollar capital)
When you encourage stock purchases with lower taxes on higher incomes and investment income, you just create artificially high demand for stocks which creates a bubble that bursts the moment the market shows signs of trouble... like now.
I would cite regulation, but I know you will simply ignore it.
