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Crack in the Far Right World

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Obdicut (Now with 2% less brain)8/21/2010 9:46:38 pm PDT

re: #563 cliffster

I’m just pointing out that higher taxes just moves around where people invest their money, it doesn’t make them less likely to invest. And, as Sage pointed out, it may affect the actual amount of money they have to spend— but in the modern day, with a global economy, that benefit is not, by and large, going to reside in the US.

And I’m glad you like the idea of a time-dependent capital gains tax. It definitely wouldn’t be perfect, but it’d make corporations look to the long term significantly more than they do now. Make it long enough, and they’ll stop investing so much in politicians, too.