Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 175.05

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3:59 PM EST

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To: Kirk © who wrote (12239)	10/26/2021 1:32:03 PM
From: Elroy	Read Replies (1) of 26779

Because by holding you lose the use of your money for 10 years and lose value to inflation.. Not sure what question you are answering above. If two of us hold an asset for 10 years and make $1 million in capital gains over that time, why tax the one of us that sells and realizes the gain, and not tax the one that doesn't sell? Why penalize a transaction, and reward inertia? Surely the transaction is better for the economy (it seems). I agree that public worker pensions should be illegal. Let them survive on Social Security and their IRA or Roth, the same as the rest of the workforce. Why a 25 year career bus driver has earned a government pension and a 25 year career waiter has not is beyond me. I like the idea of taxing wealth, at ALL levels, not just of the rich. If you tax all wealth, perhaps the rate is low enough that people won't mind, and it's naturally progressive as the wealthy pay the most and the poor pay the least (or nothing, if they don't own anything classified as wealth). I just don't know how to implement it well without causing lots of other unwanted disruptions.

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