Beer with a liberal

[Rucker61]

Because if investors are taxed on those investments, which have SEVERE RISK OF FAILING, they wont invest it and that money will sit in offshore banks and NOT be taxed, at all. Only a complete economic moron fails to understand this.

Warren Buffett disagrees with you, and I'd not think he's an economic moron.

http://www.latimes.com/business/mone...,2170543.story

If those investments have a "severe risk", who the hell is going to hand over their money?

And do the math. A increase in capital gains from 15% to 20% means that an 8% return gives 6.4% after tax instead of 6.8%. You're going to not invest because of that delta?