Boy, was that a wakeup call for me. Are the rich really paying their “fair share” or not? Is the left really waging “class warfare” or is the right not paying its fair share? All of a sudden I start to hear the theme music from Rocky and I’m off to my computer on a quest for the answers to my questions.
Why do many billionaire investors pay lower tax rates than salaried or hourly workers? Unlike Earned Income, capital investors have No Guarantee of a profit return on their investments and are said to be using ‘Risk Capital.’ Sometimes they win, sometimes they lose. They experience either Capital Gain or Loss on the money they spend. Sometimes they win, sometimes they lose.
Perhaps the most important contributing factor to the lower tax rate is to encourage investors to invest more of their disposable capital to the growth of businesses and industry, thereby adding to the growth of our economy, which benefits everyone.
Does it work for everyone 100% of the time? No way! When it works, the Right wingers thumb their noses at the Left and when it doesn’t work, the Left wingers do the same to the right. And the beat goes on until they agree and hug.