Heavy taxes inhibit the rich from investing. High taxes raise the rate of return an investment must obtain. Much of the damage of taxes may be mitigated through tax cuts. Tax credits for Research and Development will aid in the anti-inflationary efforts. The United States gets 11 percent of its revenues through business profits and capital gains. Abolition of the capital gains tax for stocks, would correct the bias for housing. Between 1963 and 1978 the Japanese savings rate increased from 16 percent to 23 percent and the tax burden falling about the same percent. As a result Japan experienced more rapid increases in productivity than the U.S. [Learn More ...]

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