Tim Draper on capital gains tax: Higher taxes will lower revenue

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.


Connect with CNBC News Online

#CNBC
#CNBCTV

[BatmanBoss]

After hyperinflation everyone will be a millionaire so get ready to pay the highest taxes everyone lol

[mrstinky]

I'm against the tax but this guy is wrong. I don't hit the next margin rate and slow my productivity down.

[CmdrCorn]

Tims tie though lol. Even when the segment isnt about crypto, Draper's got our back hehe.

[billrumbley]

According to this idea, a tax rate of zero would bring in the most revenue. There is an optimal tax rate that should maximize revenue. The trick is to find out that rate. A high capital gains rate would make high dividend stocks, bonds, and rental real estate more attractive than growth stocks. IMHO the proposed rate is too high. I’d think the rate on cap gain and dividend income should be equal, otherwise you’re further distorting capital allocation.

[CmdrCorn]

Also I cant wait to see what Tim's eyebrows look like in another 20 years

[mrpmj]

For streaming stocks, BUY Amazon Prime, Disney +, Netflix.

Profitable companies are Amazon, Apple, Facebook, Nvidia, Microsoft, Netflix, Zoom so these are the stocks you want to own.
Also buy Wells Fargo, Disney for the recovery....

[IamMonikaDLC]

Janet Yellen is salivating to tax the guy with the Bitcoin tie!

[monroe]

I guess Biden administration doesn’t know the math on this.

[MrLRowe]

The rich are not going to go broke because of paying there share. You will still be able to do what you do. If not just go to a different place

[jamesjz]

Well, if companies use their profit to upgrade the infrastructures in this country, there won't be a need to raise tax since we don't need government to do it for us. However, the companies and riches do not, they instead use the cash/profit buy back their own companies' stocks to push up stock price further so that they can be even richer. That becomes an issue: the money(fed printed) is in a dead loop instead of being used to upgrade our society or stimulate our economy. To have government to refresh the infrastructures, taxes have to be raised. This is not called socialism, instead, this is a balancing act and we are putting the fed's money into work.

[garydavidson]

USA PEOPLE pay the rate why are their special people for USA PEOPLE face that burden as well

[trent]

Taxes on the rich in the 50s and 60s were as high as 90% and GDP growth was higher than it is today

[bretts]

Draper said make America great again at the end

[ErnstTCB]

Wow.... That interview was edited down to nothing.... Fantastic watching it live. Tim Draper was right on and it seemed to go against the CNBC panel reps agenda. MAGA 🇺🇸

[xxxmacop]

Omg why is noone talking about the cryptocurrency he's hinting at that's better than bitcoin???