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Politics : Foreign Affairs Discussion Group

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To: bentway who wrote (187876)	6/1/2006 1:57:39 AM
From: Hawkmoon	Read Replies (2) of 281500

What I don't get are why so many ordinary non-millionaires are so jacked up about it. Maybe you'd see their perspective if you didn't have you head so far up your @ss... 1. Because they were ALREADY TAXED on their income once, and taxed on their property each and every year they owned it. Why should they be TAXED AGAIN for having made good investments, or been a prolific saver? It's the same logic against the Capital Gains tax. I paid my income tax once. So why should I be taxed AGAIN if I invest that money wisely in an instrument or property that increases in demand, and consequently, in value?? I would personally accept higher income taxes in exchange for ZERO capital gains tax. But then again, I'm trading stocks for a living now.. ;0) 2. Many of them are farmers. And farmers want to bequeath the family farm to their children. 3. What we are able to leave to our children is a physical representation of what we accomplished and accumulated during our lives. Why should government get a cut of that as well?? Hawk

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