rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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Why are capital gains taxed at a lower rate than actual labor?Bullshit
There are billions of transactions a day. Each pays some broker a service fee. The government getting a percentage of each sale will not scare anyone away
They are too greedy
There are less and less brokers every day thanks to our technology. The fee is minimum and doesn't affect the bottom line. Taxes are different. Why do you think they keep capital gains lower than other taxes? Because they want people to be attracted to the market. If taxes get too high, those investors go elsewhere.
Because of the Golden Rule: He who has the gold makes the rules
Does taxing labor dissuade people from working?
Most people don't have a choice but to work. Investors have multiple choices in where they invest their money.
Yes ...I can see them bailing on the stock market because of increased fees
Same old fear mongering....if we are not nice to rich people, they will run away
It's not fear mongering. It's happened repeatedly. See all those American jobs go to China? Why did they do that, because we were so nice to them?
Has nothing to do with my point
Americans can't work for $10 a day
The stock market can withstand a tax on transactions. Just like it withstands brokerage fees