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: Peter Dierks who wrote (667542)	1/8/2005 8:48:07 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"Earning a nickle at a job is not capital formation until it is invested in capital." Correct... but, to the extent any earning is proportionally saved, it (en masse) contributes to national savings --- which most CERTAINLY impacts capital formation! "And no the government should not pick winners and losers." Of course they shouldn't. "Capital gains is not income" Why the Hell NOT? My capital gains are earned with my mental labor... the fruit of much work selecting and allocating investments. Why should one form of labor be favored by the government over any other form of labor? The money doesn't grow itself... like any gardner, it requires constant attention and effort to succeed! "should not be taxed at all." Like I said: the GOVERNMENT shouldn't pick whose labor to reward, and whose to penalize. "You ignored my question. Does the Government have the right to tax inflation "gains"? Of course not... still it's their FAVORITE TAX of ALL (because they don't have to record votes on it!) 'Bracket creep' (from inflation), and it's twin: the devalued dollar, are how they plan on reducing the massive federal debt. ...They sure don't want to pay the bond yield and principal with hard money.