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" ... All this acceleration comes with a heightened realization among those at the very top about the obligations that come with extreme success—and the possible repercussions, from confiscatory tax regimes to social unrest, that could follow inaction. It’s not hard to read the tea leaves—altruism, in this case, mirrors self-interest. Speaking with a half-dozen members of the newcomers of 2021, along with a handful of younger billionaires, the post-pandemic attitude change is palpable. ... "
" ... It’s puzzling why non-Believers who surely represent the preponderance of same-sex marriage advocates care beyond the economic implications. If government's role lessened, these impacts would be negligible. For instance, the hefty estate tax suffered by Miss Windsor is best rectified by eliminating confiscatory estate taxes, not redefining marriage. Two government wrongs makes not a right. ... "
" ... Over the real long haul 6% is arguably confiscatory. Back in the days of the gold standard there was a saying (whose source I can't trace) that a 7% discount rate at the Bank of England would draw gold from the moon. ... "
" ... The only alternatives to spending reform are confiscatory taxation and irresponsible borrowing. Both hurt the economy. Warned CBO: “Increased borrowing by the federal government generally draws money away from (that is, crowds out) private investment in productive capital because the portion of people’s savings used to buy government securities is not available to finance private investment. The result is a smaller stock of capital and lower output in the long run than would otherwise be the case.” And while higher interest rates would raise the incentive to save, “the rise in private saving is generally a good deal smaller than the increase in federal borrowing, so greater borrowing leads to less national saving.” The agency estimated that every additional dollar increase in government borrowing would cut private saving by 57 cents. ... "
" ... Under President Kennedy, the corporate tax rate was reduced from 52% to 48%, until then, the largest tax cut in our history. The top tax rate slapped on by King Louis XIV was 10%, not exactly confiscatory, but enough to fuel the French Revolution even though cut later to 5%. ... "