Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (49977)	5/14/2004 4:01:48 PM
From: pezz	Read Replies (1) of 74559

<<What can government provide for you that they would not do in any case or that you cannot buy on your own from whomever you choose?>> A stable society that is necessary for mkts and business to function in perhaps? Courts, system of laws, police a defense from enemies ,a Fire department and many social services that are necessary just comes to mind off the top of my head. Look I'm not defending any social welfare state But whereas it is true that taxes are too much in the USA and government spending is outa control some money must be collected even as it is in HK. We just talkin about who it be collected from. Simple fairness would indicate that all pay some as all gain ...no? I see no reason that those of us that gain our living visa vie "investments" should be given any special tax breaks. and I don't buy the business needs it to spur investments. We got lotsa investments here in the USA in spite of our taxes. I don't think you have explained WHY <<Dividends, interests, and capital gain, as well as active income from offshore sources are not taxed, as they should not be.>> And why should <<There is a graduated HK tax on salary income that max out at 15.5%, >> I mean why tax one form of income and not another? If the graduated income tax should be enuff it would seem that it could be reduced if those who are making cap gains also paid their share..... Now this ain't to say i support the enormous taxing of higher income folks as in the USA. But with government spending such as it is we got no choice since the lower income folks can't afford to pay their fair share someone's gotta do it.

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