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freshwest

(53,661 posts)

108. Sure. But they don't frame it that way. I didn't say I agreed. Drmeow explained it best.

Reply to SharonAnn (Reply #106)

Wed Aug 15, 2012, 10:38 AM

Aug 2012

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Capital gains should be taxed HIGHER than labor. [View all] SunSeeker Aug 2012 OP

Excellent post. If work is so marvelous, why is income hifiguy Aug 2012 #1

Thanks. I wish I heard more people saying that. SunSeeker Aug 2012 #3

You expressed this in a way that many people should hear. Excellent OP. Thanks for writing that way. freshwest Aug 2012 #15

Well said.. The number 66.6 % comes to mind. russspeakeasy Aug 2012 #2

I like how you think. SunSeeker Aug 2012 #8

Love that. nt Live and Learn Aug 2012 #100

Fabulously said! K & R DonRedwood Aug 2012 #4

And dividends should be taxed at least as much as interest on indepat Aug 2012 #5

Yes, and for the same reasons. SunSeeker Aug 2012 #6

One of the classic lines ... 1StrongBlackMan Aug 2012 #7

But WTF else are the rich going to do with their money? SunSeeker Aug 2012 #11

There has to be a balance between risk and reward. Flatulo Aug 2012 #29

I think it should be a progressive scale. SunSeeker Aug 2012 #35

Do you remember there used to be different rates for long-term and short-term cap gains? Flatulo Aug 2012 #36

Yup. And I think those "lightning trades" should be taxed. SunSeeker Aug 2012 #46

There is an SEC fee when mere humans sell stock. BadgerKid Aug 2012 #104

KRd ozsea1 Aug 2012 #40

If one loses all the money, one can deduct the loss ($3,000/year with option to coalition_unwilling Aug 2012 #48

90% would be an incentive to find a real investment, mbperrin Aug 2012 #56

How does a 90% tax cause people to "lose all the money"? n/t Taitertots Aug 2012 #73

Any investment can go bad. With a top possible return of only 10%, Flatulo Aug 2012 #86

I raised that point with the usual rw know all about riches crowd ... 1StrongBlackMan Aug 2012 #45

as a practical matter, all forms of income should be taxed the same way. unblock Aug 2012 #9

Can't the game playing be taken care of with better tax law enforcement? SunSeeker Aug 2012 #12

i'm reluctant to put a number on it without crunching a lot of data.... unblock Aug 2012 #63

While I don't necessarily disagree with you drmeow Aug 2012 #20

yes as far as salary goes, no as far as bonus, or at least what bonus would become. unblock Aug 2012 #66

I disagree taught_me_patience Aug 2012 #10

Why? SunSeeker Aug 2012 #13

Perhaps because the outcome would be the same for the US Treasury? freshwest Aug 2012 #19

More consumer spending helps the US Treasury. The rich hoarding...not so much. SunSeeker Aug 2012 #22

Yes, and I need to qualify that it's not a generational thing in whole. freshwest Aug 2012 #32

That claim has always irritated me drmeow Aug 2012 #24

Agree with all! And money is a symbol of energy. Hoarded, its usefulness disappears. freshwest Aug 2012 #44

I wish Nordquist would pull a Breitbart drmeow Aug 2012 #111

No. They're only taxed on the profit, dividend, increase like other income. SharonAnn Aug 2012 #106

Sure. But they don't frame it that way. I didn't say I agreed. Drmeow explained it best. freshwest Aug 2012 #108

Because taxing small investment income higher than labor HooptieWagon Aug 2012 #25

Certainly it could be done progressively to account for those situations. SunSeeker Aug 2012 #30

Then retirees would incorporate... HooptieWagon Aug 2012 #78

Nope, they can pay themselves a salary for managing their investment. SunSeeker Aug 2012 #83

K and a great big R Scuba Aug 2012 #14

I believe the taxing power should be used to affect behavior aint_no_life_nowhere Aug 2012 #16

Yes, it used to be done that way. Isn't that what tax credits are about? freshwest Aug 2012 #47

What happens when a party you don't like gets elected Nuclear Unicorn Aug 2012 #74

You are right that taxing power affects behavior. dkf Aug 2012 #77

If they move their money offshore, tax the hell out of their US derived income aint_no_life_nowhere Aug 2012 #101

I used to think that screw you attitude would work but look at what happens when you are hostile to dkf Aug 2012 #102

Wealth should be taxed, not just income. reformist2 Aug 2012 #17

Agreed. The estate tax is vital to preventing an oligarchy. nt SunSeeker Aug 2012 #18

Yes, and the Founding Fathers agree with you. freshwest Aug 2012 #49

+1 a2liberal Aug 2012 #105

Yes, indeed! FiveGoodMen Aug 2012 #21

I disagree. HooptieWagon Aug 2012 #23

I agree with this approach. berni_mccoy Aug 2012 #27

Yes, exactly. HooptieWagon Aug 2012 #41

Which cuts out the speculators going for the quick buck, right? freshwest Aug 2012 #52

short term (less than a year) investments Mosby Aug 2012 #31

Why? SunSeeker Aug 2012 #34

Okay. HooptieWagon Aug 2012 #37

I'm thinking of incorporating as a dividend generating corporation and making myself soul owner Xipe Totec Aug 2012 #26

YES! hedgehog Aug 2012 #28

"Capital gains should be taxed HIGHER than labor." yesphan Aug 2012 #33

Excellent OP - K&R nt TBF Aug 2012 #38

It's UNERANED income, damn straight it should be taxed higher! n/t arthritisR_US Aug 2012 #39

But, but ... then no one would invest!!!! JoePhilly Aug 2012 #42

What about estate taxes? TahitiNut Aug 2012 #43

Excellent points. SunSeeker Aug 2012 #50

They should be infinitely, progressively taxed. This assures that the productivity that $ represents Egalitarian Thug Aug 2012 #61

While this is essentially true, it's unfair to old folks Warpy Aug 2012 #51

Of course, that's why all income taxes should be progressive. SunSeeker Aug 2012 #53

Republican screams are a heavenly chorus to me. And Republican tears would mbperrin Aug 2012 #58

Not if it's progressive. A progressive tax rate that starts at the same rate as earned income and Egalitarian Thug Aug 2012 #62

In my day, it was called "Unearned income" Courtesy Flush Aug 2012 #54

Yes. I should say unearned income should be taxed higher than labor. nt SunSeeker Aug 2012 #55

How would you treat capital losses? badtoworse Aug 2012 #57

You play, you take the risk. That encourages actual investment as opposed to gambling as it is now. Egalitarian Thug Aug 2012 #65

Good question. DocMac Aug 2012 #67

This makes so much sense. Very well stated! gtar100 Aug 2012 #59

What about retirement accounts? OKNancy Aug 2012 #60

Everyone should be careful about their investments Canuckistanian Aug 2012 #88

They should be progressively taxed on the money as it is pulled out. SunSeeker Aug 2012 #97

Awesome post... Kalidurga Aug 2012 #64

Why is work taxed at all? Is there really no better tax system out there? progress2k12nbynd Aug 2012 #68

We could tax property, sales, wealth, or just tax everyone the same amount Taitertots Aug 2012 #75

In a better world the 15% would be in addition to money taxed on actually earned income 1-Old-Man Aug 2012 #69

Please tell me how that policy attracts global equity? dkf Aug 2012 #70

You attract global equity by having a strong, stable economy. SunSeeker Aug 2012 #76

We are stable for now because the rest of the developed world has obligated themselves above the US. dkf Aug 2012 #79

We're already at the mercy of the markets. SunSeeker Aug 2012 #82

But not in their crosshairs... dkf Aug 2012 #85

It happened becuase we invested in infrastructure & manufacturing SunSeeker Aug 2012 #95

That is the problem with this country. It does not value LABOR! Drahthaardogs Aug 2012 #71

I think it should be taxed the same 4th law of robotics Aug 2012 #72

I agree that both should be taxed at a progressive rate. SunSeeker Aug 2012 #81

Yes. Exactly. lumberjack_jeff Aug 2012 #80

When you have a 401k that you have deaniac21 Aug 2012 #84

If you're not rich, your taxes should be pretty low. SunSeeker Aug 2012 #96

Any money you make off a 401k is a capital gain deaniac21 Aug 2012 #110

Right you are Canuckistanian Aug 2012 #87

Thank you for this. AllyCat Aug 2012 #89

k&r Starry Messenger Aug 2012 #90

Logic aside, the RELIGION of Republicans is to "starve the beast" Spitfire of ATJ Aug 2012 #91

When I bring this up with right wing friends(I know, but I live in Kansas) aka-chmeee Aug 2012 #92

Remember Cain's 9 9 9 plan. airplaneman Aug 2012 #93

I got nauseous every time Daddy Bush said "captial gains tax cut" nightscanner59 Aug 2012 #94

Rather, it should be taxed with a progressive tax table. Not the flat 18% or lower. jerseyjack Aug 2012 #98

Of course. All income taxes should be progressive. SunSeeker Aug 2012 #99

indeed a2liberal Aug 2012 #103

So obvious we shouldn't have to say it out loud duhneece Aug 2012 #107

Money does die Coyote_Bandit Aug 2012 #109