Reply To: Chesed: Forcing the rich to pay for the poor

There are unintended consequences of raising capital gains taxes on the rich. If they have to pay upwards of 50% of their earnings (depending what State they live in) in taxes it decreases the incentive for them to invest in the stock market. Why take risk if the potential reward is slashed in half? If the rich pull out of/reduce their investments in the stock market it will cause a dip, negatively effecting anyone who has a pension, 401k, or brokerage account (i.e. blue collar and middle class people)