Quote:
Originally Posted by David Inc.
Oh no.... DC? Taxes? Not PARF, NO! Not PARF!
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i mean if we want to talk about tax policy, another no brainer that anyone and everyone should support is getting rid of capital gains tax, and taxing it as normal income, at normal income tax rates.
because right now, its ~15% cheaper to do nothing, and be rich, and gut American companies, than it is to get off your ass and do some actual work. because income from working, is taxed at basically double the rate that doing nothing is taxed at.
it is obvious to casual observer that generations of rewarding incomes for doing nothing, while punishing laborers with higher taxes for you know ... doing things ... probably leads to a skewed capital/labor market.
if we want to get go even farther ... if labor is more important than capital, which it is, why would we tax them equally? why wouldnt we seek to reduce the tax burden on those actually doing things, and punish those who dont do things? ie, why isnt capital gains tax actually higher than income tax? it should be.