Quote:
Originally posted by grogan
investing helps the economy
he'll just make more and more money, and get taxed on his profits anyway
more money pumped into companies means they have more capital for hiring/expansion
those newly hired earn money (which gets taxed) and spend money (which helps the economy)
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He said that his investments are not taxable unless and untill he wanted to put 10 million in his pocket (his example) to do whatever with and then he would have to pay a capital gains tax on the 10 million and I think he said that would be around 20%. He said the $310 million that he will get would be better serve the economy by giving 310,000 consumers $1000.00 each