But would the solution be—and this what I'm trying to reconcile between you and Professor Milligan—to lower the income tax on capital income, whether it be capital gains, dividends, or interest, just lumping them all together and reducing the tax on that? Would that solve it? Or would there still have to be something for a small business owner? The small business owner will need to have some type of incentive to take a chance on opening up a business.
On April 9th, 2008. See this statement in context.