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Also, I want to reduce the capital gains tax from its current level of up to 40% to a flat 15%. This would free investment capital and result in incr… - Howard Jarvis
" "Also, I want to reduce the capital gains tax from its current level of up to 40% to a flat 15%. This would free investment capital and result in increased productivity and a decline in unemployment… Japan and Germany, for instance, have virtually no capital gains tax at all, and they have two of the strongest economies in the Western world.
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About Howard Jarvis
Howard Arnold Jarvis (September 22, 1903 – August 12, 1986) was an American businessman, lobbyist, and politician. He was a tax policy activist responsible for passage of California's Proposition 13 in 1978.
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Howard Arnold Jarvis
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Additional quotes by Howard Jarvis
My taxes don’t worry me. I’m worried about the guy who can’t pay his taxes. That was one of the big advantages I had over anybody in politics. I had no axes to grind. I went up before an audience of 200 or 50 or 2,500 and I told ‘em just what I felt. If they didn’t like it, the hell with ‘em. I wasn’t running for a damn thing… What all these people were doing—if they did what I asked them to—was helping themselves. Whatever they did, they didn’t do it for me, because I’m not going to get a penny out of it. All I was doing was showing them how to help themselves. But politicians are afraid to tell the truth, because they’re afraid they’ll lose votes. I don’t care whether I lose 4 votes or 4 million. If the people were not smart enough to save their own necks after I told them how, what else could I do?
In California thousands of acres are off the tax rolls because they are owned on the face by something like 64,000 tax-exempt corporations and 18,000 charitable trusts. It’s an unfair system. A pays taxes, but B doesn’t pay on the same type of property. Much of this property belongs to organizations that are listed as religions, but they’re not really religious. They’re just a fake to get a tax break. It’s nothing less and nothing more than revenue racketeering.
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For me, the words ‘I’m mad as hell’ are more than a national saying, more than the title of this book; they express exactly how I feel and exactly how I felt about the woman who died at the County building, as well as countless other victims of exorbitant taxes. I can tell you, there have been thousands of people who’ve had heart attacks—some fatal—or suffer severe emotional distress as they saw their lives drastically worsened by intolerable, unproductive, and unfair taxes made all the worse by inflation and an energy crisis that the politicians and bureaucrats have not been willing to face up to.
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