2 ms·
Capital Gains simply affects the monetary value of a the capital. It has no real value increase. No physical good or novelty is created from capital gains. Thus
by briantakita 12y ago
Capital Gains simply affects the monetary value of a the capital. It has no real value increase. No physical good or novelty is created from capital gains. Thus, it's rent.
Labor & Capital tends to create physical goods and/or novelty. Thus labor, when applied toward sustainable pursuits, makes our lives, as a civilization, better.
Capital gains, providing "incentive" to invest, may or may not improve sustainability & global health. Global warming, resource depletion, poverty, hunger despite enough food being produced, & innefficient allocation of resources due to profit motive, corruption, rampant war, etc. indicate that the "incentive" is detrimental to sustainability & global health.