A Quote by Richard Thaler

The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital gains.

Richard Thaler

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Because Been Capital Capital Gains Estates Form Gains Large Largely Many Never Therefore Wealth

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Richard Thaler
American - Economist
Born: September 12, 1945

Various justifications for lower capital-gains rates have been proffered over the years, none of them self-evident. But even conceding the wisdom of lower capital-gains rates, why should they never be taxed at all, even as they are passed from generation to generation?

James B. Stewart

Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.

John C. Bogle

After Independence, there were periods of very high taxation. So you didn't create wealth, how will you distribute it? When was the first time capital gains tax was introduced? It was 1992 March. Till then, everything was taxed one way.

Shiv Nadar

The study of an idea is, of necessity, the story of many things. Ideas, like large rivers, never have just one source. Just as the water of a river near its mouth, in its final form, is composed largely of many tributaries, so an idea, in its final form, is composed largely of later additions.

Willy Ley

Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.

Grover Norquist

The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.

James B. Stewart

Hillary Clinton would raise taxes on so-called rich people, corporations, capital gains, financial transactions, and inheritance. Has there ever been an example where America has taxed its way into prosperity? Never. Trump has an economic-recovery-and-prosperity plan. Clinton has an austerity-recession plan.

Lawrence Kudlow

Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.

Burton Malkiel

Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs.

Grover Norquist

Latin America's economies are organized in a way that concentrates wealth in a few hands but then leaves it untaxed, depriving governments of the resources needed to invest in their citizens' human capital.

Denise Dresser

If people want capital gains taxed more like the highest rate on income, that's a good discussion. Maybe that's the way to help close the deficit.

Bill Gates

In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.

Michael Hudson

There are few things in politics more annoying than the Right's utter conviction that it owns the patent on the word 'freedom' that when its leaders stand up for the rights of banks to be unregulated or capital gains to be untaxed, that it is actually and obviously standing up for human liberty, the noblest cause of them all.

Thomas Frank

I believe capital gains, for the most part, should be taxed the same way we tax income from hard work, sweat, and toil. And if we do those things, we can be a country that actually can afford debt-free college again.

Hillary Clinton

Moreover, in Russia there was an enormous amount of landed property to be divided, large estates, crown lands, government land, and the estates held by the monasteries.

Herman Gorter

While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.

William J. Bernstein

A Quote by Richard Thaler

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