U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old Yesterday, 10:10 PM
 
2,038 posts, read 1,380,556 times
Reputation: 3238

Advertisements

Quote:
Originally Posted by Winterfall8324 View Post
It is only a tax on profits (so not total sale value).

I'm not supporting it from a tax revenue stand point, I don't care about that, but it would lower economic activity in the corporate sector and dissuade people from investing (and inflating) the stock market.

The materialistic profit motive that has driven our economy has built an authoritarian state where money buys you freedom, and the more money you have, the more freedom you have as well.

To create a freer society it must be more egalitarian and not based on increasing economic activity.

Also in the long run it will lower government revenues and slow imperialistic ambitions abroad.

Furthermore people will be happier not trying to become millionaires and building a life rather than making a living.


No. What it would do is dissuade the very working people who need to invest in their retirements the MOST from participating in the stock market. That is NOT freedom, sir. That is class stratification. Exactly where do you think they would then build wealth for themselves? It would make the stock market the sole domain of the wealthiest investors.... and in the process would starve business and entrepreneurship of the funds needed to build a healthy economy; especially the building of start ups and new businesses needing investment dollars. The sort of ventures that lift people to a higher income.

It is not for you to decide what makes people happiest - especially when you would do the very thing that would inhibit their ability to build anything.

You egalitarians always want to INHIBIT initiative in the name of equalizing society and never do you want to encourage the things that best PROMOTE initiative's development and nurturing.

Keep your fascism to yourself and leave the rest of us alone. We don't need your PERMISSION to make a living. It's a natural right. Yet you classify America as an "authoritarian state" while simultaneously you espouse CREATING exactly that sort of state as an "improvement" to freedom. LOL. No thanks.
Reply With Quote Quick reply to this message

 
Old Yesterday, 10:14 PM
 
2,987 posts, read 1,509,888 times
Reputation: 3280
The pages of nonsense op creates on here are probably all the op is capable of creating, sadly.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:15 PM
Status: "Loving the hilarity of CD." (set 6 hours ago)
 
5,401 posts, read 2,502,925 times
Reputation: 5285
Quote:
Originally Posted by Winterfall8324 View Post
This is a right wing site, and people and naturally inclined to support corporate power and private investments.

But the question as to why growth in wealth is good is never asked. Right now we have a system where oif you are not making money, you are punished.

Ask Co-op Cathy: How do co-ops benefit their communities? – Cooperative Development Institute

Having a society where people are not slaves to wealth equates to a freer society.
That which is self-evident needs not be asked nor answered.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:17 PM
 
2,038 posts, read 1,380,556 times
Reputation: 3238
Quote:
Originally Posted by Aredhel View Post
If you look at the OPís posting history, youíll see he has some rather bizarre (to say the least) ideas when it comes to economics (and societal organization in general).

He's a typical Leftie. Flowery rhetoric presented as some obvious fact or reality; dissolving away like melting snow in the cold light of logic.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:17 PM
Status: "Loving the hilarity of CD." (set 6 hours ago)
 
5,401 posts, read 2,502,925 times
Reputation: 5285
Quote:
Originally Posted by Winterfall8324 View Post
I don't want long term investment.

The goal is to lower all long and short term investments as not to inflate value and corporate wealth.

If society does not need to make money to survive, people would not be slaves to those with the greatest economic power.

Is life better when investments are growing the economy, or when people look after one another.
If I buy $1,000 of Apple stock today, by how much does Appleís corporate wealth increase?
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:21 PM
Status: "Loving the hilarity of CD." (set 6 hours ago)
 
5,401 posts, read 2,502,925 times
Reputation: 5285
Quote:
Originally Posted by parentologist View Post
The real issue is the step up in basis at inheritance. This is a huge element of tax avoidance by the wealthy, essentially allows them to pass wealth from generation to generation without paying taxes.
Basis step-up is available to everyone, not just the wealthy.

Quote:
Another is deduction of "business expenses" - such as private planes, cars, meals, etc. Allows them to claim living expenses as business expenses.
Why donít you tell us how ďliving expensesĒ are deducted as business expenses. Iíll wait while you Google it.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:27 PM
Status: "Loving the hilarity of CD." (set 6 hours ago)
 
5,401 posts, read 2,502,925 times
Reputation: 5285
Quote:
Originally Posted by Winterfall8324 View Post
If capital gains tax rose to 90%, the government would overall lose tax revenue due to a loss in corporate investment and property value.

So the government will have less power.

You want more corporate power and concentrated wealth which gives the government MORE power to regulate personal freedoms.

Capitalism is a state invention to stabilize and increase modern state power, regulations (like a capital gains tax would act as rather than a source of revenue) help stabilize society, not increase state power.
Not only is Capitalism NOT a state invention, it is the default state of nature throughout the entire human existence. It is the economic component of freedom.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:28 PM
 
Location: Manchester NH
7,684 posts, read 2,064,138 times
Reputation: 2254
Quote:
Originally Posted by bmw335xi View Post
Who would ever risk their money to have it taxed 90% with no safety net?



You take away capital gains and there goes retirement for millions. Government would be on the hook to hand feed every retiree. Are you trolling, lol I can't imagine an adult who is able to pay for internet thinks this way.
1. There are other forms of investment besides private investment. There is cooperative investments which would hopefully replace the business investments that drive our economy

2. Youíre looking at a temporary problem and missing the bigger question.

The question should be why does retirement rely on the wealth of private corporations.

Itís the same reason the banks were bailed out in the recession, these corporate powers were so tied to the health of society they had power and authority over others.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:33 PM
 
Location: Manchester NH
7,684 posts, read 2,064,138 times
Reputation: 2254
Quote:
Originally Posted by TaxPhd View Post
If I buy $1,000 of Apple stock today, by how much does Appleís corporate wealth increase?
There are many involved in the stock market, more than just yourself. Itís cumulative and helps concentrate wealth into the needs of private corporations.
Reply With Quote Quick reply to this message
 
Old Yesterday, 10:38 PM
 
Location: Manchester NH
7,684 posts, read 2,064,138 times
Reputation: 2254
Quote:
Originally Posted by TaxPhd View Post
Not only is Capitalism NOT a state invention, it is the default state of nature throughout the entire human existence. It is the economic component of freedom.
Again, this is not correct.

Read about the history of industrial capitalism, why the British Empire embraced free trade, and why the civil war happened.

It had nothing to do with the fact that the Union or the British wanted to practice natural existence, it was because it was the most efficient model at increasing state wealth and international influence.

As for your claim on freedom, before the state model, people only had personal property and never gave goods value besides that in each trading scenario.

Capital value is a tool to store and accumulate wealth, just look at the commodity or high end housing market.

Before legal power, no one practiced free market capitalism.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top