p. 173
“
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.
— Howard Jarvis
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "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." in the context of "p. 173" to mean that wisdom is timeless.
Source: Wikiquote: "Howard Jarvis" (Quotes, I’m Mad As Hell: The Exclusive Story of the Tax Revolt and its Leader (1979): Times Books, Three Park Avenue, New York, 1979)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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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.
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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