The simple answer is “most Americans think rich people should pay higher capital gains taxes.”
And how’s that a reason? Most Americans couldn’t articulate any of the reasons as to why they may be low to begin with, let alone articulate a coherent set of principles which would lead to raising them but not to other things they wouldn’t support. If they can’t comprehend something, we shouldn’t pay attention to their feelings about it.
And how’s that a reason? Most Americans couldn’t articulate any of the reasons as to why they may be low to begin with, let alone articulate a coherent set of principles which would lead to raising them but not to other things they wouldn’t support. If they can’t comprehend something, we shouldn’t pay attention to their feelings about it.