Quote:
Originally Posted by Cali Coug
Study after study shows that raising capital gains taxes won't have any negative impact on the economy, so long as the rates don't go too high (studies have shown even 25% would have almost no impact).
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I would absolutely LOVE to see these studies. General economic consensus is that capital gains taxes are only beneficial to the extent of income redistribution, but are generally a drag on long-term growth. There may be outlying economists with their own agendas, but I would put about as much stock in their opinion as I do in those economists that argue tax cuts always increase tax revenues. It's convoluted theory at best.