There’s a simple way to encourage investment: bring long-term capital gains taxes to zero.
In this year’s State of the Union address, President Trump promised to expand access to employee retirement plans. It’s a laudable goal. The surge in ownership of individual retirement accounts stands as one of the more notable public policy successes of the past half-century.
But as individual accounts have grown, so too has the complexity of navigating the rules governing these federally authorized savings plans. There’s a simpler way to encourage investment than adding another program with restrictions that inevitably limit participation: bring long-term capital gains taxes to zero.
Congress has already carved out limited circumstances where capital gains taxes are effectively zeroed out. Policymakers should draw on these examples to design policies that better incentivize wealth creation.
Consider homeownership. Owner-occupied housing has long enjoyed a special relationship with elected officials. For generations, the American Dream has been defined by owning your own home. Various federal tax provisions are shaped with that goal in mind.
...read more at civitasoutlook.com
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@sox, take a look at this case. When copying/pasting from this site, the texts with links don’t get copied, not the text nor the link. I don’t think it’s an issue with SN, but if you can, take a look.
The links in that website cannot be copied because they cannot be selected at all!
That’s what it seemed like to me. Just out of curiosity, do you know why?
They used Webflow (an interactive website builder) to create their website, I don't know if links are non-selectable (
user-select: none) out of the box or if it's something that they intentionally did.thanks
There is zero chance this will fly politically.
People are already frustrated that all economic gains are going to the capital owning class.
Moreover, in a Cantillonized economy, that's a reasonable frustration. Capital gains should be encouraged if they reflect real value creation, but what about in an economy where capital gains are due to money supply inflation?