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Discussion and Debate
Discussion and Debate
Politics
American Politics
Biden's capital gains tax proposal could crush the economy, experts say
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<blockquote data-quote="Bradskii" data-source="post: 77656541" data-attributes="member: 412388"><p>From the article:</p><p></p><p>'Investment is the real driver of economic growth," E.J. Antoni, an economist and research fellow at The Heritage Foundation, told Fox News Digital. "Investment is what gives you productivity gains. Investment is where you get factories and machines — it's where businesses are able to provide their workers with tools and equipment that allow them to increase their productivity, to increase wages, etc."</p><p></p><p>Good point. How can we solve this. If money is taken out of the hands of rich industrialists then there's less money for investment in the industry and less productivity. Hmm. </p><p></p><p>Hey, I know. Factory owners can invest their profits in tools and equipment and they won't have to pay tax on it. And the man on the shop floor gets better working conditions, the factory gains more productivity, the owners make more profit and everyone gets higher wages. A win/win situation!</p><p></p><p>Well done The Heritage Foundation for pointing that out.</p></blockquote><p></p>
[QUOTE="Bradskii, post: 77656541, member: 412388"] From the article: 'Investment is the real driver of economic growth," E.J. Antoni, an economist and research fellow at The Heritage Foundation, told Fox News Digital. "Investment is what gives you productivity gains. Investment is where you get factories and machines — it's where businesses are able to provide their workers with tools and equipment that allow them to increase their productivity, to increase wages, etc." Good point. How can we solve this. If money is taken out of the hands of rich industrialists then there's less money for investment in the industry and less productivity. Hmm. Hey, I know. Factory owners can invest their profits in tools and equipment and they won't have to pay tax on it. And the man on the shop floor gets better working conditions, the factory gains more productivity, the owners make more profit and everyone gets higher wages. A win/win situation! Well done The Heritage Foundation for pointing that out. [/QUOTE]
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Biden's capital gains tax proposal could crush the economy, experts say
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