Resolved: The United States should abolish the capital gains tax.

Debate Information

Resolved: The United States should abolish the capital gains tax.


I will take affirmative position on the debate that United States should abolish the capital gains tax.

Definitions

It is key for us to define that we are not looking to replace this tax with something else.


The 2 primary benefits will be

  1. Economic growth - since it encourages investment and higher risk taking, we should expect people to actually spend vs saving money
  2. Society well being - capital gains tax is  inefficient form of taxation to be applied towards public well being (like improving transportation or building hospitals).  The cost of collecting this tax is also high since there is complex administrative overhead involved.
This article, provides good insights on the topic

The Overwhelming Case Against Capital Gains Taxation
https://www.forbes.com/sites/danielmitchell/2014/11/07/the-overwhelming-case-against-capital-gains-taxation/#314bf063b0a5
WhyTrumpale5islander507
  1. Live Poll

    Resolved: The United States should abolish the capital gains tax.

    8 votes
    1. The United States should abolish the capital gains tax.
      62.50%
    2. Resolved: The United States shouldn't abolish the capital gains tax.
      37.50%
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