Angelo Monaco is a retired economists who was a senior administrator at several colleges and universities. He has taught Money and Banking from an Austrian perspective at both the graduate and undergraduate level.
Proponents of high capital gains taxes believe they fall heavily upon wealthy investors, therefore, they are an act of justice. In reality, these taxes hinder capital formation and economic growth, and the harm falls mainly upon those who are not wealthy.
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.