Re:A Basic Income Is Smarter Than a Minimum Wage
by harryh on Monday April 04, 2016 @04:50PM
(#11425529)
Recent increases in the capital gains tax rate were very effective at increasing taxes on people in the upper end of the income spectrum. The ability of high earners to avoid taxes through complex use of loopholes is vastly overstated.
I know, "just close the loopholes lol". Except that it's a battle of wits of nerds against a bureaucracy with every-bigger portions of the economy at stake, where every government victory is a longer, less transparent tax code.