maxxxxx parent
Other than "We’ve also had a combination of tax and regulatory policy that has encouraged capital formation and increasing returns to capital, so labor’s share of returns has decreased. The last round of tax policy out of Washington made this worse." it seems they have nothing concrete to say. I definitely agree that capital should be taxed at the same rates as labor. Maybe there was a time when it made sense to tax capital lower but right now we don't seem to lack investment money but we lack demand.