Capital Gains

[DudleySmith]

You revel in your ignorance.

The stock market is the single best way for the average person to get wealthy over his lifetime.

Nobody can compete with Walmart or other huge businesses, true, which is why small businesses are disappearing. All you pointed out was how pathetic the economy is.

 

[DudleySmith]

Taxes do not "create wealth" in the stock market or anywhere else.

Taxes are money thrown into the black hole of government and you get very little value if any from them.

And by definition a shareholder contributes capital to a business with the purchase of stocks

Like I said you sure do love to revel in your ignorance.

lo you know jack shit about business. You love to parrot nonsense, though.

 

[Blues Man]

Everybody in the innernetz is rich and 'invested shrewdly'. lol anecdotal rubbish isn't an argument.

I retired at age 51 with no debt and financially independent.

All because I invested in the stock market since I was 20 years old.

You will work until the day you die and thank the fucking government for giving you back the money it took from you to fund the legal Ponzi scam of Social Security.

So you see it's you who are the government stooge not the people who were smart enough to use the market to better their own financial situation.

 

[Blues Man]

Nobody can compete with Walmart or other huge businesses, true, which is why small businesses are disappearing. All you pointed out was how pathetic the economy is.

Why do you have to compete with Walmart to increase your net worth?

I never owned stock in Walmart and what Walmart does has absolutely no effect on me or my money.

 

[DudleySmith]

And by definition a shareholder contributes capital to a business with the purchase of stocks

'lol let's see how much 'capital' you have left when your company has to pay to build its own roads and hire private armies to protect its assets, just for starters, dumbass.

 

[DudleySmith]

I retired at age 51 with no debt and financially independent.

All because I invested in the stock market since I was 20 years old.

You will work until the day you die and thank the fucking government for giving you back the money it took from you to fund the legal Ponzi scam of Social Security.

So you see it's you who are the government stooge not the people who were smart enough to use the market to better their own financial situation.

lol more rubbish. You don't know shit about me, and you don't know shit about business. It's immediately obvious.

 

[Blues Man]

'lol let's see how much 'capital' you have left when your company has to pay to build its own roads and hire private armies to protect its assets, just for starters, dumbass.

You don't even understand how taxes work.

Everyone that buys gasoline or diesel fuel pays both state and federal fuel taxes to pay for roads.

Businesses pay more in gas taxes than you do not to mention that trucking companies also pay other state and federal taxes as well.

So yeah all these businesses that you hate but who you buy shit from all the time are paying for the roads they use.

Tell you what why don't you get out of the economy if it's so rigged and live on a subsistence farm where you grow your own food and make your own clothes ?

You wouldn't last 6 months without all these evil businesses that you need to survive.

 

[Blues Man]

lol more rubbish. You don't know shit about me, and you don't know shit about business. It's immediately obvious.

I know you are utterly ignorant about the stock market and taxes.

 

[Dekster]

Because you already paid taxes on the principal.

If you buy stocks with after tax income, like most people do why should you be taxed again on it?

I can only assume that you have never bought a stock because you don't get taxed "again" on the "principal". That is your basis that is excluded from the tax.

 

[Blues Man]

I can only assume that you have never bought a stock because you don't get taxed "again" on the "principal". That is your basis that is excluded from the tax.

I have been buying stocks since I was 20.

The idiots here who say you don't get taxed on principal when you pay capital gains are the the idiots who don't understand that principal is already taxed BEFDORE you buy stocks with it.

And you don't seem to have very good reading comprehension skills. I never said the principal gets taxed again

 

[DudleySmith]

You don't even understand how taxes work.

Everyone that buys gasoline or diesel fuel pays both state and federal fuel taxes to pay for roads.

Businesses pay more in gas taxes than you do not to mention that trucking companies also pay other state and federal taxes as well.

So yeah all these businesses that you hate but who you buy shit from all the time are paying for the roads they use.

Tell you what why don't you get out of the economy if it's so rigged and live on a subsistence farm where you grow your own food and make your own clothes ?

You wouldn't last 6 months without all these evil businesses that you need to survive.

Lots of projection here. Most parasites hate to be called parasites, so they like propagandists who make up silly talking points to cover up their own lack of intelligence, greed and laziness, all tacit admissions wages are far too low and rent seeking is preferable to starting businesses and working for a living, thanks to financial capitalism wrecking the economy and reducing productivity.

 

[DudleySmith]

I know you are utterly ignorant about the stock market and taxes.

Ah, more projection. That's because the rent seeking gamblers have nothing but ad homs and rubbish theories they never bother to give any thought to. WE know from their policies of course they don't like rewarding workers and hate productive ones the worst.

And, without govt. bailouts of your fabled 'investment' every boom and the bust cycles that always follow every few years and the 'limited liability' scams you wouldn't have a pot to piss in now, as you've already admitted to. Few people would bother with stock markets otherwise, so you owe your gambling winnings to govt. taxes, as well as a lot of other things. Your 'stock market' casino is a far bigger Ponzi scheme than Social Security will ever be.

 

[DudleySmith]

You don't even understand how taxes work.

Of course I do; that's why you have to rely on bullshit.

 

[rightwinger]

Because you already paid taxes on the principal.

If you buy stocks with after tax income, like most people do why should you be taxed again on it?

Because you don’t pay taxes on the money you invested with, only any profit after you sold

Why do you struggle with the concept of Capital GAIN?

 

[rightwinger]

Not really.

Some guy who works for a living and dies broke or in debt didn't create any wealth.

People who work are creating a good or service= Wealth
Investors are just moving money from one place to another

 

[Burgermeister]

Evidently smarter than you

I understand what a Capital GAIN is

I'm not convinced that you do. When I said, Capital gains taxes are arbitrary confiscation of wealth just because they can. The asset was bought using money that was already taxed, and being sold to someone using money that was already taxed to buy it, so the profit has already been taxed., what did you think the profit I referred to was?

 

[Blues Man]

Lots of projection here. Most parasites hate to be called parasites, so they like propagandists who make up silly talking points to cover up their own lack of intelligence, greed and laziness, all tacit admissions wages are far too low and rent seeking is preferable to starting businesses and working for a living, thanks to financial capitalism wrecking the economy and reducing productivity.

Are you trying to make a point with that word salad?

 

[Blues Man]

Ah, more projection. That's because the rent seeking gamblers have nothing but ad homs and rubbish theories they never bother to give any thought to. WE know from their policies of course they don't like rewarding workers and hate productive ones the worst.

And, without govt. bailouts of your fabled 'investment' every boom and the bust cycles that always follow every few years and the 'limited liability' scams you wouldn't have a pot to piss in now, as you've already admitted to. Few people would bother with stock markets otherwise, so you owe your gambling winnings to govt. taxes, as well as a lot of other things. Your 'stock market' casino is a far bigger Ponzi scheme than Social Security will ever be.

None of the businesses I invest in have ever been bailed out by the government.

And productivity in itself is nothing.

IDGAF how "productive" you are. If you are worth ZERO at the end of your life your productivity was worth shit.

Your problem is you want to blame everyone else for your failings.

The system is the system and the system can be used by anyone. You choose not to use it and whine that you are getting fucked over.

 

[Blues Man]

Because you don’t pay taxes on the money you invested with, only any profit after you sold

Why do you struggle with the concept of Capital GAIN?

Of course you paid taxes on the money you bought stocks with because that money was income at some point.

If you took 1000 dollars that you already paid income taxes on and invested it why should you pay more taxes on it later?

 

[Blues Man]

People who work are creating a good or service= Wealth
Investors are just moving money from one place to another

View attachment 805630

No they aren't because if that good or service is never bought and paid for they created NOTHING.

Wealth is net worth. Wealth is not labor, wealth is not a warehouse full of crap made by employees.