blog maverick � the mark cuban weblog:
My Republican friends on the other hand, believe that if you reduce tax rates, large corporations hoarding cash will miraculously bring that cash back to the US and invest and hire . Trust me. I know investment. That won’t do it. They can borrow money so cheaply there is no reason to bring it home and it certainly won’t lead to jobs. If they had something to invest in that would generate a return, they would. They haven’t.
Again, they won’t invest in America. I will.
As a long time investor, I have never turned down an investment because of tax rates. I was just as successful investing when capital gains were much higher. I was just as successful investing when individual tax rates were much higher. No smart investor turns down a good deal because of tax rates. I always remind people you only pay taxes on profits. And if you make more than 1mm dollars in profits, whether through capital gains or ordinary income, you should pay more taxes.