The Rich Get Tax Breaks for Destroying Jobs? How the Capital Gains Tax Helps the Wealthy and Hurts the Rest of Us

Of course, the wealthy usually complain when government gets involved in creating “incentives” and “picking winners and losers” in ways that help We, the People, saying government interference distorts decision-making. But when the “incentive” is special low tax rates to persuade the wealthy to invest and make huge profits, that’s different. Because it is, that’s why. Shut up. Hey, look over there!

Why are “capital gains” taxes so much lower than taxes on other income?

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