Quote:
Originally Posted by Rekna
Then should we eliminate taxes for business owners also?
Let's say we removed the the capital gains tax. Then say I quit my job and just bought and sold stocks for a living. Would I then not pay any taxes? That doesn't seem very fair.
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But you're forgetting that an investor's money is used by the company and is likely taxed somewhere along the way before it's returned as a profit.
The other side of the argument would claim that it's unfair to tax what's already yours. As an investor, your money isn't your work. It's merely your money that you're using to enable others to do their work, to make their own incomes.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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