5 ms·

Yes, exactly. Disincentivizing innovation and the financial machine that backs it is an /excellent/ idea.

• ucee054 14y ago
  First, find actual data to back the assertion that low capital gains taxes back innovation. I think you'll find that it is in fact seed capital and small business loans that back innovation, and that these facilities are generally provided by government not the private sector. I think you'll find that what low capital gains taxes do is allow hedge fund managers to get a lower tax rate by reclassifying their income.
  • irreverentbits 14y ago
    ... so you're telling me to find data before extending data-less guesses in an attempt to refute my assertion? Seems legit.