Binders full of women

Doer

Well-Known Member
Only the gains, the "fresh money", are taxed. cn
Dude. I said that. Twice tax. Once to collect the investment money is taxed, then you are free to invest. That taxed money is not free to you. If you make anything out of it you get a second tax. You put that money to work and you will get a 3rd tax on those gains.
 

Harrekin

Well-Known Member
Dude. I said that. Twice tax. Once to collect the investment money is taxed, then you are free to invest. That taxed money is not free to you. If you make anything out of it you get a second tax. You put that money to work and you will get a 3rd tax on those gains.
Reinvesting constitutes a new trade, you're not taxed until you withdraw the "profits" or "proceeds", thus you are only taxed on gains, hence it's name.

IMO capital gains should be considered "income" under a fair tax system. Equality and all that.
 

Doer

Well-Known Member
Once you realize this tax isn't for economic reasons it's for social reasons you'll fall in line like a good citizen. There are trust fund babies like Paris Hilton (ignore for a sec that she's made a shitpot full on her own) that live off Daddy's capital gains and pay a lesser tax rate than her maid (ignore that she actually pays thousands of times her maids share, irrelevant). This tax is about fairness and all that is right in the universe.
This is envy. And a tool of divisiveness. There is no fairness, here. It is suppose to be motivational. There are very, very few Paris Hilton's and very very many business that are taxed at ordinary income, make close to $1M year and manage to hire and keep people employed, no thanks to the govt.

To not focus there is class warfare, and a false trail.
 

Doer

Well-Known Member
Reinvesting constitutes a new trade, you're not taxed until you withdraw the "profits" or "proceeds", thus you are only taxed on gains, hence it's name.

IMO capital gains should be considered "income" under a fair tax system. Equality and all that.
Dude. I said that. Twice tax. Once to collect the investment money is taxed, then you are free to invest. That taxed money is not free to you. If you make anything out of it you get a second tax. You put that money to work and you will get a 3rd tax on those gains.

GAINS
on your already taxed income is taxed again.
 

Harrekin

Well-Known Member
Dude. I said that. Twice tax. Once to collect the investment money is taxed, then you are free to invest. That taxed money is not free to you. If you make anything out of it you get a second tax. You put that money to work and you will get a 3rd tax on those gains.GAINS on your already taxed income is taxed again.
Yeah so what's the fucking problem? If you want to sell something privately you're expected to legally to file it for taxes. Any sort of financial gain is taxed. Work is taxed so why shouldn't capital gains?

If you tax the time someone puts into a company in exchange for their salary, why not tax money that someone is making money off? Why tax time invested (which is all most normal people have to trade) and not money?

Hence why a fair-tax system incorporating capital gains is preferable, it's all "income" by the ordinary definition of the word.
 

Canna Sylvan

Well-Known Member
Harrekin,
What about inflation? Shouldn't it be taken into account with capital "gains?" A dollar now is worth more than a dollar tomorrow.
 

Harrekin

Well-Known Member
Harrekin,
What about inflation? Shouldn't it be taken into account with capital "gains?" A dollar now is worth more than a dollar tomorrow.
If an investor doesn't take inflation into account before investing, he isn't a very good investor ;)
 

Canna Sylvan

Well-Known Member
So you're an expert?What happens if you get stuck with a bear market. You only live so long. How long must one wait? I think the inflation rate should get deducted. Not everyone is a real winner. You can only gain when another loses.
 

Harrekin

Well-Known Member
So you're an expert?What happens if you get stuck with a bear market. You only live so long. How long must one wait? I think the inflation rate should get deducted. Not everyone is a real winner. You can only gain when another loses.
And that's why not everyone should invest...sadly not everyone can be winners, that spawns from another ridiculous liberal philosophy whereby everyone should get a medal just for participating btw.

Free market is awesome if you can manipulate it, too many people try but dont have the knowledge and it kicks their asses.
 

cannabineer

Ursus marijanus
Dude. I said that. Twice tax. Once to collect the investment money is taxed, then you are free to invest. That taxed money is not free to you. If you make anything out of it you get a second tax. You put that money to work and you will get a 3rd tax on those gains.
Principal is taxed once. Gains are only taxed once, and become principal. Gains on gains are ... gains. I don't see the double, let alone the triple taxation you are claiming. cn
 

Canna Sylvan

Well-Known Member
Harrekin,
No it's the law of conservation and finite resources. The free market can only handle so many of a particular and there are only so many particulars to choose from. You then compete. Not every entrant wins. They never will. Inflation is theft.
 

Harrekin

Well-Known Member
Harrekin,
No it's the law of conservation and finite resources. The free market can only handle so many of a particular and there are only so many particulars to choose from. You then compete. Not every entrant wins. They never will. Inflation is theft.
In this new digital age, not all resources are finite.

Ask Marc Facebookerberg or however the fuck his name is spelt.

Ask carbon credit exchanges.

Ask the securities markets.

Lots of pies to get fingers into.
 

cannabineer

Ursus marijanus
In this new digital age, not all resources are finite.

Ask Marc Facebookerberg or however the fuck his name is spelt.

Ask carbon credit exchanges.

Ask the securities markets.

Lots of pies to get fingers into.
The digital age does not cover tangible commodities that can be loaded into boxcars or tankcars. Those are the important ones imo. cn
 

Harrekin

Well-Known Member
The digital age does not cover tangible commodities that can be loaded into boxcars or tankcars. Those are the important ones imo. cn
The only really important resource is $$$$ ( or €€€€ for me ) because it can be traded for any resource. It's acquisition is key, the resource used to gain it is unimportant.
 

cannabineer

Ursus marijanus
The only really important resource is $$$$ ( or €€€€ for me ) because it can be traded for any resource. It's acquisition is key, the resource used to gain it is unimportant.
In the short term, perhaps. But in the longer term, physical commodities are not only king but God-emperor. cn

<add> $$$$ (or &#8364;&#8364;&#8364;&#8364;) don't mean much if there is a shortage of
...
 

Harrekin

Well-Known Member
In the short term, perhaps. But in the longer term, physical commodities are not only king but God-emperor. cn

<add> $$$$ (or &#8364;&#8364;&#8364;&#8364;) don't mean much if there is a shortage of
...
Your point is unquestionable, what would the world have been like without Pacman?! ;)
 
Top