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b_b · 4096 days ago · link · · parent · post: Rich People Actually Don't Create The Jobs - Business Insider
I think it is likely referring to the long term capital gains rate, which is around 15% currently. That is, what, half of what it was years ago? I don't have the numbers off hand, but it is quite low by historic (since the New Deal) standards. I think this has contributed to wealth aggregation, but it is far from the only problem.ยท A statement like "taxes on entrepreneurs and investors are already historically low" is too fuzzy to fact-check. Anyone who advertises housecleaning online is an entrepreneuer. Anyone with a 401(k) is an investor.