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To: Cogito who wrote (55779)	8/12/2006 1:58:58 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 213177

Sure they are- it's called the estate tax. The govt gets 50%. Capital gains and interest income is "taxed" but it isn't really the same as taxing labor. Tell me- what would happen to our society if nobody worked at a job, and everyone just had money sitting in the bank earning interest, and the government just "taxed" that interest. Society would fall apart- because nobody is doing any work. Nobody would work the fields, nobody would collect the garbage, nobody would work in stores, nobody would work at all. All of that "tax" on interest and capital gains wouldn't do the government ANY GOOD. The only time taxation does anything positive for society is when it induces people to perform LABOR. Because labor, along with existing natural resources, is the only source of "wealth" on planet earth. Money is not a source of wealth itself. You can sit on a small island, declare yourself king, and write yourself a trillion dollar check to found your new treasury, but if you don't already have some food and water, your paper "wealth" will soon mean nothing at all. Now if you can find some little monkeys on the island, and somehow tax them into finding you some coconuts, THEN you've got an economic system. ---- People are not taxed on the amount of money they have in the bank.