Clinton Would Complicate the Capital-Gains Tax

There's a case for higher rates, but a simpler solution would be better.

Don't just listen to the crowd.

Photographer: Daniel Acker/Bloomberg

Hillary Clinton's economic prescriptions seem like they came from a marriage counselor, trying to get warring spouses to focus on what they have in common instead of what divides them. The problem, though, is that neither side finds the result all that satisfying; sometimes the median is a muddle.

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