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Re 2. You have not lost any money. You gained money proportional to the money you invested. Your capital gains have not been taxed. What is your point?
by pacala 15y ago
Re 2. You have not lost any money. You gained money proportional to the money you invested. Your capital gains have not been taxed. What is your point?
- waqf 15y agoMy point would be that since I already have 40% less money than I would have had in the absence of taxation, it seems that I have already endured my fair share of the tax burden. (For simplicity, forget about progressive taxation and assume that flat taxes are fair. Just compare me with the guy with a $50k salary who also gets to keep $30k of it.) As with everything, it comes down to an argument about what's "fair".