"Those who "earn a decent salary" are the ones paying the lion's share of ALL taxes now.
If this proposed reform eliminated capital gains taxes and corporate income taxes, it could be argued that the inflow of new investment dollars would generate millions of new jobs. Food for thought"
Fair enough. But lets remember who foots the bills for new investment dollars more often then not. Depending on the type corporation/company, determines what precentage of re-investment dollars comes from their pocket, verse long term loans from banks etc.. But I would hope your assesment could in reality work.
I was suggesting that large amounts of "appreciating" assets which are being held only because of the CG tax liability being faced upon sale.
I can appreciate your point as well.
Personally, I'm in favor of giving anything new a try. What we have had in place for all these years is simply out of control.