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You've already been taxed on the investment principal. Not the returns that you're getting on the investment. By your logic, the capital-gains-tax should be eli
by noego 7y ago
You've already been taxed on the investment principal. Not the returns that you're getting on the investment. By your logic, the capital-gains-tax should be eliminated entirely because its double taxation, which is a ridiculous idea.
- Matticus_Rex 7y agoWhy is that ridiculous? Investment is a good thing -- it should be encouraged.
- noego 7y agoIs labor not a good thing that should be encouraged?
- Matticus_Rex 7y agoYes, but if you think getting rid of capital gains would be ridiculous, you're probably not interested in reducing income taxes.
- noego 7y agoWe're conflating different things here. The point we're discussing is that investment-income should be treated the same as labor-income. From your last comment, you presumably agree that labor is also a good thing that should be encouraged, so I don't see why investment-income should be taxed so much lower than labor-income.
- Matticus_Rex 7y agoRisk.