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Reduce tax rates and the working rich will work more while the idle rich will accelerate capital gains, shift their investments to more economically efficient private securities, and hide less income.
FORBES: Hey Romney, Here's A Comeback To Obama's $5 Trillion Tax Cut Canard
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Raise tax rates and the working rich will work less, defer income, and take more non-cash compensation while the idle rich will defer capital gains, shift their investments to more tax efficient securities like municipal bonds, and (yes) evade taxes.
FORBES: Hey Romney, Here's A Comeback To Obama's $5 Trillion Tax Cut Canard
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Investment capital sits idle.
FORBES: Joseph Stiglitz Reminds Us That Nobel Prizes Are Highly Misleading
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Paul Kasonkomona pleaded not guilty at the magistrate's court in the capital, Lusaka, to the charges - being idle and disorderly in a public place.
BBC: Men holding hands
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Instead of a quick, sharp downturn that quickly bounces into a booming recovery, capital and resources remain trapped producing things few want or bribed to remain idle.
FORBES: Why The Recession Recovery Remains Anemic