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Investment "produces nothing?"
This illustrates the cluelessness of the left.
The investor uses already taxed money
and takes a risk with it.
Correct. Investment produces nothing. It is completely arbitrary. What's the difference between wall-street crooks jerking each other off vs. the government issuing a $500 billion stimulus in the same industry?
Also, you're idea of already taxed money is just wrong. If I start with $1, and that $1 becomes $1.20, that $0.20 was not taxed.
Quote:
Originally Posted by Delahanty
Explain why it should be taxed at all.
It is income. My argument is for you to explain why investment income deserves preferential treatment. So far no one has been able to do it.
Quote:
Originally Posted by PedroMartinez
How much is essential spending and how much is discretionary spending?
ALL spending is discretionary.
Quote:
Originally Posted by PedroMartinez
Whenever anybody posts articles or data, you never address it, you just ignore it or claim that it's wrong.
You post right-wing blogs and anoint them as fact. The particular articles you chose have a bad case of Sharpshooter fallacy (cherry picking data points to go with their thesis).
Quote:
Originally Posted by PedroMartinez
Well, you also love to scream "strawman".
Most of your arguments are just that.
Private sector investment is not required to create jobs. That is the problem with your hypothesis.
Correct. Investment produces nothing. It is completely arbitrary. What's the difference between wall-street crooks jerking each other off vs. the government issuing a $500 billion stimulus in the same industry?
One is debt someone else has to pay off and the other isn't.
How much is essential spending and how much is discretionary spending?
Are you responding to the correct post? The economy operates in a circular fashion. Please explain what that has to do with essential vs discretionary?
Explain why the hell financial speculation (which produces NOTHING) deserves favorable tax rates compared to earned income.
People who are willing to risk money on investment, are the backbone, in fact, the very foundation of any worthwhile economy. If you have no investment, your economy will grind to a halt and collapse.
If there were no speculators you might not have the tools that allow you to post on this forum.
An "evil speculator" can lose his investment.
By the way did you know you can lose a million but only deduct (3,000) in losses per year.
Lose it all
Declare bankruptcy
Do it all again.
Hard life.
Private sector investment is not required to create jobs. That is the problem with your hypothesis.
Explain how any economy works without private investment.
please.
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