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by andsoitis 1131 days ago
> increase the income taxes of wealthy people considerably (specifically income taxes, not business taxes). A 50%+ marginal rate will help motivate C-level execs to opt for re-investing profits into their business rather than into buybacks of their stock to boost their own personal income

Why would anyone try to make less money as taxes on them increase? Makes no sense.

1 comments

Because they'd have more capital to reinvest in their business, as I stated. But even if they don't reinvest it the rest of us still benefit in the form of increased tax receipts.