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As you say, capital gains are not "only" due to speculation, but just sometimes. You also assumed that your risk capital was originally "earned" implying that
by Booktrope 7y ago
As you say, capital gains are not "only" due to speculation, but just sometimes. You also assumed that your risk capital was originally "earned" implying that you paid full tax rates on it. Unless your original earnings were from investment or, ahem, luck of birth (I mean, inheritance).
Do you consider being lucky enough to be born into a wealthy family to be doing something productive?
- imgabe 7y agoInheritance taxes could remove that factor without also removing the incentive for entrepreneurs to take risks. If your problem is with inheritance, tax inheritance. Don't tax capital gains, which are only sometimes related to inheritance and also affect people who don't inherit anything.