the unexpected consequences to taxes have nothing to do with being smart or smarter. high taxes have consequences hat people are not going to allow to happen to them. it is as simple as that. that is why when gov't raised the capital gains it gained less then expected and when they lowered the rate it collected more money. people will behave in the way that is best for them, they will control to the extent they can how much profit they will make and how much taxes they will allow gov't to collect from them. this is why it is always a gain for gov't to lower taxes, but those who do not want to acknowledge this will always
will be wrong.