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I don't think any politician - not even Bernie - is suggesting we go back to 1950's rates; So I'm not sure why your talking about 90%. It's not an unreasonable position to support raising taxes on the rich, especially because they have been the low for years. Eight men now have enough wealth as half the world, and it happened because no wealth is being invested back into the economy.
The fact of the matter is that when risk goes up and/or ROI goes down, people tend to risk less via investment.
Interesting. I wasn't aware that you always make money on stock.
Uh, you're changing the topic. The stock market always has higher returns than liquid cash accounts, which is why, there is more risk.
If you take a loss in stocks, the tax code allows you to write off some of those losses (up to a certain limit).
So I don't know what's your point cause you seem to always go off topic. The tax rates today on the rich are too low period. We need to raise them to dramatically reduce the wealth inequality. 90% is not sustainable, but slowly over time we should raise the tax rates from the current top 39.6% rate to 45, 50, 55% and raise capital gains tax rates which current sits at 20% to at least 40% or higher.
The fact of the matter is that when risk goes up and/or ROI goes down, people tend to risk less via investment.
Lack of investment is not the problem right now: stock valuations are nearing historic highs and bond yields are near historic lows. There's tons of investment capital desperately seeking yield. All of that vast wealth (gained by replacing well-paid American workers with robots and slave laborers) is just sitting there.
Since consumer spending is in the toilet (thanks to aforementioned replacement of American workers with robots and foreign wage slaves), there's no way for all of that vast capital to turn a profit. No consumer spending = no ROI.
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