Dave Smith on the Taxation of Captial vs. Labor

“So if we were let's say to fix that that disparity there's basically two ways we could do that. One would be to raise capital gains taxes up to 30%. Okay so so the result of
that would be that I guess we would dis-incentivize certain types of investment . . . so then DC gets more money so then the corrupt most powerful government in the world gets a little bit more money they will then leverage that to borrow three times as much and it will go it will go to politically connected cronies. . . . The other option to that is we could lower individual taxes to 15% and now give every working family in this country a huge raise that they would really appreciate.” - Dave Smith