11min chapter

The American Mind cover image

Skin Suits, Clown Suits, and Leap Frogs

The American Mind

CHAPTER

Taxation and Economic Consequences

This chapter explores the Biden administration's proposed tax policies, particularly the implications of increased capital gains tax for high-net-worth individuals. It critiques the potential socioeconomic consequences of such taxation, referencing historical examples and discussing the sustainability of entitlement programs amidst rising wealth inequality.

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