Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (666606)	12/30/2004 5:39:50 PM
From: JDN	Read Replies (1) \| Respond to of 769670

Anyone notice the article a couple days ago about the 5th Nation adopting a flat tax? According to the article, every nation that has adopted a flat tax has seen tax revenue INCREASE and incomes increase as well? Dont know why it wouldnt be seriously considered here. jdn

To: DuckTapeSunroof who wrote (666606)	1/7/2005 10:44:20 AM
From: Peter Dierks	Read Replies (1) \| Respond to of 769670

The answer is a blunt no. I thought that was obvious. Only capital formation is capital formation. Earning a nickle at a job is not capital formation until it is invested in capital. Only then do the rewards of job creating begin to accumulate to the economy. And no the government should not pick winners and losers. Capital gains is not income and should not be taxed at all. Penalties for attempts to convert current income into capital gains should be steep. You ignored my question. Does the Government have the right to tax inflation "gains"?