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A comment on Tech elites leaving San Francisco threaten Silicon Valley's supremacy. Parent comment

Re:Tech elites leaving San Francisco threaten Silicon Valley... by iso1631 on Tuesday December 08, 2020 @07:29AM (#25344326)
> If capital gains are taxed the same, you will find that there will be less investments, which leads to less jobs and less wealth overall.

So you're saying people don't work because they are taxed at a higher rate than capital gains?

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by chii on Tuesday December 08, 2020 @08:29AM (#25344732)
well, you can interpret my words in a wrong way to try to make a point, or you can admit that taxation discourages the thing being taxed.

Higher capital gains tax discourages investment. If income tax is higher, it indeed does stop people from working (as much). But we are talking about raising capital gains tax, not raising income tax.

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