Thinker101
Diamond Member
- Mar 25, 2017
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So you're saying the .1% will just put money in FDIC accounts unless they keep the long term cap gain tax break?Long term capital gain should be taxed at the same rate labor income is taxed.
Why?
Because income is income.
Income is not income. Investments that trigger capital gains usually have a higher risk and does not have FDIC insurance. Now if your want to prevent investments, a higher tax on capital gains is one sure way to go.
They'll find less riskier investments.
Which will do what to capital markets and the economy? Firms rely on capital markets as well as debt markets.
You can bet the economy will truly become a Biden economy.