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>I think that capital gains should be taxed at a lower rate because people are putting their own wealth on the line. Its a luxury to have wealth you can invest
by throwaway_law 7y ago
>I think that capital gains should be taxed at a lower rate because people are putting their own wealth on the line.
Its a luxury to have wealth you can invest and grow without actually having to work for a wage. Plus you are overstating the downside, because if they lose their $100, its a tax write off on their next bet they win. If passive income is such a burden because the taxes you are paying, then don't invest and get a job and pay the higher payroll/income taxes, believe it or not no one really cares, just the same as investors don't really care that the rank and file employees who are making them returns don't have healthcare, don't have pensions and are living hand to mouth.
> But people in regular jobs don't put any capital at risk.
You are justifying taxing the working class at a higher rate for being poor.
>They don't put any of their savings at risk.
Because they are living hand to mouth and don't have savings...and thats not because of "foolish bets" at the poker table. The US doesn't have the lowest social mobility rate in the World for nothing or because people are going out and blowing their wealth on bad decisions. The system isn't just stacked against social and economic mobility...the capitalists are actively trying to indebt the working class for life, and the numbers suggest they have been winning for decades now.