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Taxing Capital

Published: 10/30/2008 4:28:04 PM

This is probably my one and only political post (this year at least). It pertains to the taxing of capital, or more precisely, the possibility of increasing the tax on capital and capital gains.

Study after study has shown that when the government taxes something, it generally disincentivizes the activity related to that tax. An increase in the tax on capital, through capital gains tax law changes proposed by Barack Obama and other Democrats, will result in a reduction of the employment of that capital and related economic activity.

Regardless of other consequences associated with higher capital gains taxes, don't be fooled. Capital gains tax increases will result in a reduction of capital investment.  Vote for the party that is capital friendly.

Don Jones

VentureDeal

 

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Don Jones
CEO, VentureDeal

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