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Non-Tech : Kirk's Market Thoughts
COHR 157.96-5.2%Nov 11 3:59 PM EST
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To: 7kidstofeed who wrote (25740)9/2/2025 2:46:30 PM
From: Kirk ©  Read Replies (2) of 26463
 
Investments should be taxed based on how long you hold them to account for inflation destroying the value of your money. I also think the wealthy and middle class should pay a higher tax rate since we get more out of society but it comes at a cost of discouraging the smart from working harder as we find a level of taxation where we'll say "I'd rather post nonsense on SI or FB arguing with strangers rather than working my butt off to die earlier and let the government keep well over half what I make", especially when spending the incremental dollars are taxed again here at nearly 10% sales tax.

The very wealthy pay such a high percentage of total taxes that you will never get the rest of us to vote for a flat tax rate that is high enough to be revenue neutral. Also, we know politicians will keep raising that rate and handing out "exemptions" to the very wealthy in exchange for power, thus making us pick up the difference.
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