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I disagree, looking at the extremes is often used as a scare tactic against certain changes. We can also say that if we tax work 100% nobody would work. The po
by cycomanic 5y ago
I disagree, looking at the extremes is often used as a scare tactic against certain changes. We can also say that if we tax work 100% nobody would work.
The point of the OP was that work is generally more valuable to society than capital gains, but is taxed higher so there is a mismatch between the worth and how we tax it. Saying if we tax capital gains 100% nobody invests, does not add anything to the discussion as the same argument applies to work.
- bko 5y ago> The point of the OP was that work is generally more valuable to society than capital gains Is it though? Capital build a better future. It's more forward thinking than just working. For instance, I want my children to forgo working and build capital for their future by getting an education. The foregone income would pay back more in the long run.
- 8note 5y agoI wouldn't consider an education to be capital. It produces no value without you doing work, whereas capital produces value through others' work.