re: #141 William Lewis

Oh, I doubt it. We’ll have another round of reform when the next Democratic president has both houses - hopefully in 2020 - and then both machines will spend the next 50 years corrupting those reforms as they have the post Watergate reforms. That is the real cycle in American politics.

If in the meantime we get marginal rates and capital gains rates back to where they belong (70% & 70% respectively), I’d really count it as a win and get NASA going to get the eggs out of the one basket they’re stuck in.

personally, i think 70% cap gains is too high

i think three rates might work
- short - less than a year - ordinary rates
- medium - say up to 4-6 years - maybe up to 40-50% or so
- and over 7 years - the 15-20% long term rates we see now