pknopp
Diamond Member
- Jul 22, 2019
- 73,854
- 28,863
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Why aren’t you paying more?they don't want you buying groceries, they want food banks handing out groceries from government punks.So you're saying the .1% will just put money in FDIC accounts unless they keep the long term cap gain tax break?Long term capital gain should be taxed at the same rate labor income is taxed.
Why?
Because income is income.
Income is not income. Investments that trigger capital gains usually have a higher risk and does not have FDIC insurance. Now if your want to prevent investments, a higher tax on capital gains is one sure way to go.
They'll find less riskier investments.
Which will do what to capital markets and the economy? Firms rely on capital markets as well as debt markets.
You can bet the economy will truly become a Biden economy.
Which translates to sluggish or stagnation at best. Democrats will see the Treasury take in less revenue on a gross and net basis. Then, how will they spend? What will they spend with?
Yep, hope and change doesn't buy many groceries.
If the government is going to buy a business an off ramp, why shouldn't they buy others things for others?
They didn't buy the off-ramp for the business, they bought it for you and your cardboard sign...dumbass.
I pay my share of the taxes.
As I've said many times, if the things I would like to see would cost more I'd be OK with that. I do not believe that to be the case but I'm willing to pay the debt we have created so the next generations do not have to.
Myself alone will do nothing to address either of these issues.