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Simple, you're penalizing one person because you do not like the outcome.
It's like having a race. Since one kid is faster than the others and always win, you attach weights to his legs to give the others a chance to catch him. You are punishing the fast kid.
Sure, the fast kid was out training with his father while the other kids were eating Cheatos while playing X-box, but that doesn't matter. The important thing is that nobody is a lot more successful than the others. We need the results to be "fair".
"Fair' is a meaningless term, given life only to benefit the user.
"Fair' is a four letter F word, a crutch with a cracked leg and loose bolts.
It is only fair that the ends justify the means. It's only fair Susie gets a cookie because Johnny stole one when mommy wasn't looking.
Quote:
Originally Posted by PedroMartinez
Simple, you're penalizing one person because you do not like the outcome.
It's like having a race. Since one kid is faster than the others and always win, you attach weights to his legs to give the others a chance to catch him. You are punishing the fast kid.
Sure, the fast kid was out training with his father while the other kids were eating Cheatos while playing X-box, but that doesn't matter. The important thing is that nobody is a lot more successful than the others. We need the results to be "fair".
Quote:
Originally Posted by hoffdano
Do you think long term capital gains are speculation? I don't.
Short term capital gains generally produce liquidity. That generates economic activity, which most people think is a good thing.
My challenge to all of you was crystal clear.
Explain why investors deserve preferential treatment over everyone else. I see no numerical evidence to support any of your claims... just whining about rich guys potentially losing money while engaging in speculation.
the alternative is burying the money in your backyard. doing that, instead of investing, would certainly bring things to a halt. We need to encourage more investment as it grows the economy.
Burying it in the backyard is the alternative and its not going to happen.
Explain why investors deserve preferential treatment over everyone else. I see no numerical evidence to support any of your claims... just whining about rich guys potentially losing money while engaging in speculation.
How many times and in how many ways does it need explaining?
Apparently you don't comprehend what has been told to you.
A game you have tried ANY times, and lost. You post something ridiculous then when challenged you want them to prove you are wrong.
Sorry, won't work.
YOU made the claim, "Explain why the hell financial speculation (which produces NOTHING) so it is up to YOU to PROVE YOUR claim
Quote:
Originally Posted by Quick Enough
How many times and in how many ways does it need explaining?
Apparently you don't comprehend what has been told to you.
Not OUR problem.
Like I said, provide some evidence.
The claim was made that investment income needs favorable tax rates. That is what we are told. I asked you to provide evidence to prove such. Taxes do not prohibit people from investing, nor have they ever. The burden of proof is on you, partner.
There doesn't appear to be any correlation between investment and tax rates. Investors look to general economic conditions in assessing risk, not tax rates.
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