As for your second point.
That's totally possible... and piggybanks on to my point earlier about why it was easy to grow during those earlier times with earlier tax rates.
It was an easier time to grow. Growing was easy.
It certainty is harder to grow now... and it's going to keep getting harder to grow.
Which is also why you need more incentives.
It's why Warren Buffet had to phrase the statement he did the way he did to get across the political point he wanted when he essentially said nobody was going to turn down a sure thing if the tax rate on capital gains was higher.
Nobody was going to turn down a sure thing... but so little in investments are a sure thing.








