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Politics : Politics for Pros- moderated
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To: KLP who wrote (514676)10/18/2012 2:34:58 AM
From: Elroy1 Recommendation  Read Replies (1) of 794172
 
It's amazing to me how many people of the Left "forget" this little detail.... >>>>>
Capital gains come from money that has already been taxed
Capital gains come from money that has already been taxed <<<<<

Come on, all money has already been taxed. There's no economic rationale that assets or money or anything can only be taxed once and from there it becomes tax free magical stuff.

How many years have you paid property tax? Most people pay it every year.

I don't see the economic argument that says tax labor that earns $50,000 per year, but don't tax passive income that earns a non working wealthy person $200,000 per year. I love the idea personally, but it doesn't seem a very good campaign pitch.

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