Quote:
Originally Posted by Investing In Chicago
This is absolutely insane - Investment capital is one of the most important drivers of economic growth, and capital gains are an important driver to get people to put money into critical but risky fields in the market. You are effectively taking away any incentive to invest; innovation and cures for diseases are partially possible because of capital gains.
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It's apparently "insane" yet done in basically every first world country on earth but the U.S.
Capital gains in Germany are taxed at 30.5%; you really think Germany has a dearth of investment or innovation? Why would someone stop building their family wealth because the captial gains tax were raised? How does that make any sense?
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