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Politics : The Obama - Clinton Disaster
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To: GROUND ZERO™ who wrote (8941)3/11/2009 8:33:38 AM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "I said that individuals who put their own personal money at risk to invest in corporate growth should be entitled to a reduced tax rate on any gains... period... I'm not talking about economic growth, that's irrelevant to my entire point... I'm talking about personal risk, personal gains, and personal losses..."

If --- as you admit --- their is NO EVIDENCE that special tax breaks for investment produce any long-term, sustained ECONOMIC BENEFITS compared to just REDUCING THE GENERAL LEVEL OF TAXATION BY THE EXACT SAME AMOUNT... then I have a *one word* QUESTION to you: WHY?

WHY WOULD THE COUNTRY WANT TO DO SUCH A THING?

You said that 'economic growth was irrelevant to your point', and that rewarding people for 'taking risk' was your exact point... well... rodeo riders take a Hell of a lot of 'risk'.

Evil Kinevil took excessive amounts of 'risk'. Wall Street I-Bankers, acting like leveraged Hedge Funds just got slapped down for practically destroying the economy with the bad results of their excessive risk taking.

So... why the Hell SHOULD the taxpayers carve out special REWARDS based on the amount of 'risk' someone takes?

ESPECIALLY if that is EXCLUSIVE of all economic results?

(I say: LOW, and fairer, single FLAT TAX RATE for *all income* --- regardless of source! --- and we will see the best possible ECONOMIC RESULTS, and *that* should be what public tax policy is crafted to achieve... not narrow special interest loopholes and carve-outs! And, the 'risk' will take care of itself!)
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