[rb22982]

Yup, the effective rate on the rich would be net zero as the $200b increase on the personal side would be offset by a $200b decrease on investment/business tax income. With stock’s trading at 20:1, that’s effectively a $400b equity value increase immediately ($20b/yr * 20 P/e ratio) for $20b increase in personal taxes. Pretty good trade for the rich.

[Hugin]

And the rich will just invest in stocks. As long as they don't sell they aren't taxed, and capital gains and dividends will probably be lower rates than ordinary income anyway. This will mostly hurt people like movie stars and big name athletes.

[ConservativeMind]

Excellent, if true.

Can you point to a source that can describe that tradeoff effect?