“SUPPOSE that an investor
you admire and trust comes to you with an investment idea. “This is a good
one,” he says enthusiastically. “I’m in it, and I think you should be, too.”
Would your reply possibly be this? “Well, it all depends on what my
tax rate will be on the gain you’re saying we’re going to make. If the taxes
are too high, I would rather leave the money in my savings account, earning a
quarter of 1 percent.” Only in Grover Norquist’s imagination does such a
response exist.”
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