Take the following as truth: Those who claim to want a cut in the capital-gains tax rate because it will increase investment and not because it is a handout to the rich could gain a lot of credibility if they advocated reducing the rate only on future capital gains.
Then the following statement: "If the rate on future capital gains is reduced, those who are in favor of the capital gains tax may become very credible." is true, false, or inconclusive?
Answer: True