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And, yet the Federal Reserve, the US Treasury Department, the Congressional Budget Office, the Congressional Research Office and a study by Ohio State University all prove conclusively that higher capital gains tax rates result in lower revenues, while lower capital gains tax rates result in higher revenues.
It may not be logical, and it might be counter-intuitive, but those are the facts.
Not only is that true in the US, it is true in other foreign States.
Italy lowered its capital gains tax to 12.5% and saw revenues increase dramatically.
I stated as such as well, in fact that was my argument for it. Read the thread.
I said those who worry about big government should understand that raising CGT lowers investment, lowering tax revenue which makes the government weaker and less capable of practicing imperialism or promoting corporate power.
Either way CGT hurts both state and corporate power.
edit: here is what I wrote-
Quote:
Originally Posted by Winterfall8324
I don't want the government to do anything, but power restricts freedom regardless of in what form.
Corporate power regulates freedom to the same degree as state power, that is why the government will never raise Capital Gains Taxes to 90%, because it will hurt government revenues in the long term.
This country/system requires an individual to have wealth or suffer.
Property taxes, irrigation, and credit make people reliant on wages, while poverty is made miserable by crime, treatment, and police violence to make sure no one can live that life.
There was a time when people who live in their own houses, grow their own food, and work with the community for wider projects like water ways and schools. Now you need money to live peacefully and with freedom.
Any excess wealth I have I give away, I am the kindest person in the world.
Excess? All wealth, get rid of it, live on nothing.
You have no proof that you are the kindest person in the world, therefore you're lying. If you'll lie about that, nothing you say can be believed.
Need to be careful with your proclamations, once credibility (you really didn't have) is lost, it's difficult to regain.
This thread is about nothing, which is what your ideas are, nothing.
Raising capital gains tax will lower corporate investment focusing money on community cooperatives and business and lowering government revenue in the long run.
Well in that thread it took many pages of Winterfell lecturing authoritatively on the role of management and running a business before he admitted he'd never actually managed anything.
At least this time we got it out of the way on page one that he's not an investor.
Raising capital gains tax will lower corporate investment focusing money on community cooperatives and business and lowering government revenue in the long run.
Are these things you agree with?
nope, raising capital gains tax will only get politicians who approved the increase replaced in office by other politicians who will lower capital gains tax.
the thought of anything else happening is just stupid.
1. That is not how CGT work, read up what non-inventory capital is.
2. They do, and the person who owns them is not the one creating the production.
Secondly when land raises in value, wealth is not being created.
I don't need to read up on anything. Businesses sell stock in order to grow, which leads to more hiring and more production. Come on, this is very basic stuff. It's almost like you are trying to not make sense.
Raising capital gains tax will lower corporate investment focusing money on community cooperatives and business and lowering government revenue in the long run.
Are these things you agree with?
your definition of community cooperatives also means segregation... ever notice when the local mom and pops stores were prevalent that the communities were more segregated? mom and pop stores hire people they like, do business with people they like, build around people they like, etc
when businesses don't have to worry about a broader reach, they don't have to cater to a more diverse people, and they can't get larger without investments because no one has that much money, and banks won't loan that much either.
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