The Attack Against Capital

There is an old saying that says that capital (money) goes and stays where it is treated well.  Unfortunately, that is not currently the political policy in the United States. 

Raising the capital gains tax and taxes on investors will do nothing to promote long term economic growth.  Since 1980, almost 100% of the net new job creation has come from firms opened 5 years or less–in other words small new businesses.  Yet the massive Federal deficits that feed the government and starves free enterprise looks like a prescription for long-term economic/business stagnation and falling living standards. 

Welcome to the 1930s again.