Opinion Should Capital be taxed like wages?

[Farmer Br0wn]

Speaking of contract negotiations it'd be hilarious if you sold food to one of KONG-D'SNT-TAP's restaurants and neither of you knew you were dealing with a sherdog rival.

 

[Holic]

And Social Security/Medicare has been a massive success.

Holy shit I can't breathe

 

[Paradigm]

Agreed. Online banking (which I use) does offer much better interest rates than brick and mortar banks though Not great by any means, but better. It's not like I'm getting rich or anything off my savings account interest, but it is nice putting money in every two weeks and seeing my interest each month. The government taxing this just seems like an insult.

Wouldn't even a short term bond ladder still offer you a better return with almost the same liquidity as a traditional savings account?

 

[panamaican]

I agree that it should be taxed as wages. The step up in basis should be eliminated. Gains should be taxed on a regular basis, although I'm not sure if yearly is realistic or fair.

That's what's best for the nation. I don't see the value to the nation of continuing to treat long term cap gains like something special. Maybe IPO level investment but not the generic 3rd party investment in the stock market.

 

[panamaican]

There wasn't an option for no taxation on them at all unfortunately. I believe dividends shouldn't be taxed at all, it's money that has already been taxed. Capital gains should be taxed as it's an appreciation on an investment, but the amount should be lower than typical wages as it encourages investment and investment is a driver of the overall financial economy.

Capital gains are taxed progressively. You may not think the progression is high enough but it does change based on income.

Sure, if you're talking about actual investments in the primary market but I don't consider the general population playing in the stock market as the type of investment behavior that we originally intended to reward.

The type of investment that should be rewarded is investment in new ventures where the risk of loss and the concurrent loss of access to capital deserves to be offset by a long term tax benefit. But when you buy 10 shares of Amazon on Robin Hood, you're not engaged in investment in the underlying company anymore, you're trading in the secondary market, taking on none of the risk associated in the founding and capitalizing of Amazon the corporation.

 

[Farmer Br0wn]

Why should my taxes go to your farm but not to universal healthcare.


Please go on and explain that

It doesn't.

To the extent you think it does is the exact same extent of your economic illiteracy.

Are you under the childish impression that all farm operations are 100% alike from farm to farm? You're aware that many different farms have different crop outputs, correct?

Again, you're a walking, talking, living, breathing example of the Dunning-Kruger effect.

You're free to donate as much as you like to your local, state, and federal treasuries. Get on it if you feel you're not taxed enough hypocrite.

 

[kpt018]

I want labor to be allowed to keep more of what they earn. You want labor to pay more of their hard earned dollars to Mandarin bureaucrats because "it's for their own good". It's that simple.

You're not exempt from this wisdom "The road to perdition is paved with good intentions" just because you think your intentions are really really super duper good.

That’s not what I said at all and this goes back to your failure to understand what people have said. I agree with raising capital gains rates taxes. That’s an increase on capital, not labor! I also said I’m cool with an exception for active investors.

 

[kpt018]

Holy shit I can't breathe

Well relax, try to calm down and catch your breath. Then take a look at what the goals were and what the results are. You’ll see that those programs achieved exactly what they were intended to achieve. Next, look at how popular they are (they’re even popular on the right!). Finally, I think you’ll be really impressed by how efficient they are.

It’s ok man. We’ll get through this.

 

[Farmer Br0wn]

That’s not what I said at all and this goes back to you failure to understand what people have said. I agree with raising capital gains rates taxes. That’s an increase on capital, not labor! I also said I’m cool with an exception for active investors.

Yet you NEVER advocate for decreasing the tax burden on labor. Why are you pretending you have labors best interests at heart when you clearly want to take more from their pockets to enrich the political class.

 

[Holic]

Well relax, try to calm down and catch your breath. Then take a look at what the goals were and what the results are. You’ll see that those programs achieved exactly what they were intended to achieve.

They were intended to slowly collapse? To take funding from sources outside their own systems?

 

[kpt018]

Yet you NEVER advocate for decreasing the tax burden on labor. Why are you pretending you have labors best interests at heart when you clearly want to take more from their pockets to enrich the political class.

Show me where I said we should increase taxes on labor.

 

[Farmer Br0wn]

Show me where I said we should increase taxes on labor.

Show me where I said you did.

Your reading comprehension must go down when you're not doing well in a discussion.

You never advocate for a tax decrease for labor. Big difference there.

Nice try though!

 

[kpt018]

They were intended to slowly collapse? To take funding from sources outside their own systems?

That’s a really bizarre way to fame it. Of course it should be adjusted for things like people living longer. It wasn’t designed to take cuts like what happened during the recession or get raided for other purposes.

And the funding issue can be easily fixed.

 

[kpt018]

Show me where I said you did.

Your reading comprehension must go down when you're not doing well in a discussion.

Are you gaslighting next motherfucker? You made that claim in your previous post.

And what’s with this thing where you make no sense and claim victory anyway? Did Trump teach you that.

 

[KONG-D'SNT-TAP]

It doesn't.

To the extent you think it does is the exact same extent of your economic illiteracy.

Are you under the childish impression that all farm operations are 100% alike from farm to farm? You're aware that many different farms have different crop outputs, correct?

Again, you're a walking, talking, living, breathing example of the Dunning-Kruger effect.

You're free to donate as much as you like to your local, state, and federal treasuries. Get on it if you feel you're not taxed enough hypocrite.

But the president has been bailing out farms across the country with tax payer money.


So why should my taxes go to your farm and not a national health care program for all the citizens of the country?

I mean I know you’re a troll and probably not even a farmer in real life but an explanation would be nice

 

[Farmer Br0wn]

Are you gaslighting next motherfucker? You made that claim in the post about this one.

Nope, I said you never advocate for a decrease in the tax burden of labor. You tried to change the subject to something I never said.

Your attempt a fighting a strawman failed miserably.

 

[Farmer Br0wn]

But the president has been bailing out farms across the country with tax payer money.


So why should my taxes go to your farm and not a national health care program for all the citizens of the country?

I mean I know you’re a troll and probably not even a farmer in real life but an explanation would be nice

I've already answered all of these questions. Your refusal to grasp, comprehend, or understand them has no bearing on me.

If you don't think you're taxed enough, donate more to your local, state, and federal treasuries. Get on it you hypocrite

To the extent that you don't donate to your Local, state, and federal treasuries, is the exact same extent of your hypocrisy.

Put your money where your mouth is.

 

[KONG-D'SNT-TAP]

I've already answered all of these questions. Your refusal to grasp, comprehend, or understand them has no bearing on me.

If you don't think you're taxed enough, donate more to your local, state, and federal treasuries. Get on it you hypocrite

To the extent that you don't donate to your Local, state, and federal treasuries, is the exact same extent of your hypocrisy.

Put your money where your mouth is.

You’re in the dark here. The majority of America, Republican voters and democratic voters alike want a national healthcare system.

The majority of the country thinks you’re wrong and they also believe national programs need to be funded on a national level.

This alt right talking point of “just send some money someplace” is not an answer nor a solution for funding a national program


I still don’t Know why my taxes support your failing business though?

 

[kpt018]

Show me where I said you did.

Your reading comprehension must go down when you're not doing well in a discussion.

You never advocate for a tax decrease for labor. Big difference there.

Nice try though!

Lol nice edit. So not supporting decreases is the same as supporting increases. That’s some cogent farmer logic there!

 

[kpt018]

Nope, I said you never advocate for a decrease in the tax burden of labor. You tried to change the subject to something I never said.

Your attempt a fighting a strawman failed miserably.

Reread your posts. You said that I support taking more money out of labors pockets. This whole thing you’re doing is in bad faith.