[quote=SK in CV][quote=jstoesz]Your statement about no evidence is bologna. As I stated previously, it can be hard if not impossible to tease out the effects of tax changes on the economy, but that is not the same as no empirical evidence. Anyone can plainly see that discouraging investment through increasing capital gains taxes will result in less investment. It’s not rocket science.[/quote]
No, it’s not rocket science. You are using intuition rather than evidence. I won’t dispute that your argument has intuitive logic. But history has provided little evidence it is accurate. To the contrary, there is strong evidence that maximum tax reveues are produced with top marginal rates above 60%, with no discernable decline in employment rates or availablity of capital.[/quote]
The problem with your “analysis” is simple. You can not divorce the cap gains tax rate effects from the rest of the happenings in the economy. No way no how, the more statistical voodoo economists pull, the more I feel the need to call BS.
Not when their voodoo lines up with my intuition though…that is an entirely different matter:)
