Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: willcousa who wrote (4857)	1/9/2003 11:38:44 PM
From: Fred Levine	Read Replies (3) of 25522

I'm glad this is the no-politics thread <vbg> IMO, there is a huge difference between the wages of a truck driver delivering in the cold (what my father did) and the collecting dividends and getting capital gains (that I occasionally do). Why should my father be taxed at a higher rate than I? Especially since I'm sitting on my ass collecting dividends. Also, labor is the source of all productivity and not the passive investment activity. I cannot understand why capital gains--passive nonproductive activity--gets taxed at a lower rate than wages. Don't we want people to work and we'll all benefit from the labor? In fact, a 100% inheritance tax would enrich the economy by forcing capital either into the economy via gifts or taxes, rather than just accumulate. Several people I know are not working because of inheritances. They are very bright, but also could be productive. Besides being self-serving to ask the working class, the tax base, to subsidize the rich, it doesn't make either economic or social sense not to tax dividends., inheritances, and capital gains. fred.

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