3 ms·
I had the same reaction. It also seems easy to pull apart. What about disabled people who are unable to work? I think something more like "investment income sh
by overtone1000 17d ago
I had the same reaction. It also seems easy to pull apart. What about disabled people who are unable to work?
I think something more like "investment income should be taxed at a higher rate than income earned through labor," accomplishes similar goals but is more intuitive and less problematic.
- philipallstar 17d agoIf your goal is to reduce investment that creates jobs for labour, then you should do that.
- overtone1000 17d agoThis is a false dichotomy. Laborers could just as easily invest in job-creating endeavors as passive income earners. All taxes cause economic drag, not _just_ business and investment income taxes. The economy includes every participant, and laborers are not an externality.
- philipallstar 16d agoI'm sorry, I don't follow. Yes, people who are labourers could also somehow creating funding pools that are big enough to start companies, but so what? That doesn't negate the fact that they will be disincentivised to do so by a tax on investment income.