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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (443093)	8/29/2011 9:48:17 AM
From: Elroy	Read Replies (4) of 793900

The income tax has already been paid once on the money in the stock, but you want to have them pay it again as capital gains. We already tax both salaried income and capital gains income. The question is the rate. If we're going to tax both work (salary) and capital gains (property), why tax work more? We want everyone to work, let them keep the fruits of their labour. As for those who have succeeded and gathered assets, lets tax the sale of their asset. It makes the fruit of their labour less valuable, but all the workers already envy them. Who you want to be, a worker with low taxes, or a land owner with high taxes? The right way out is to eliminate the Capital gains tax. And the Corporate income tax. Why do you want to tax work, and not tax ownership stuff? That's the Socialist way. I mean explain to me how society is better off by taxing labor and not taxing ownership. Don't just respond with idealogical comments. Why should a guy who works to earn $100k pay as much as a guy who owns something and doesn't work and makes $100k on the something? Working is hard. Owning is easy, and lazy.

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