It’s well known that an increase in taxes on an activity results in less of that activity. This is because taxes make an activity cost more. Therefore, a sure way for government to reduce income producing activity, is to increase income taxes. And a sure way for government to reduce investment activity is to increase taxes on investment profits, a.k.a. capital gains. Less income and less investment means a slower economy. It’s the Poor and Middle Class Who Get Hurt Most by a Slow... Read More→