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The problem with a high capital gains tax in the US is that investors will go outside the US to seek out investments. This will lower the tax revenue collected in the US.
The system is broken, but this is not the way to fix it. We need a paradigm change. It may come, but I doubt it or at least not in a way that you would be agreeable with.
Is that a bad thing, an economy less reliant on the stock market and corporate value means communities, like in Nebraska, can invest in their own public welfare, and not the welfare of shareholders who invest on the principle of profit, not well being.
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.
mr free society wants the government to tax people more. that will really lead to more freedom!
the government is the opposite of freedom, every added penny is transferred from people to government reduces freedom.
This would just lead to divestment in America stalling any progress comparatively to other nations. The brain drain will be real, as why invent or research here if you will not profit from your work.
For the good of society? Maybe sometime in the future that would be enough. But that would take time and it would have to be a combined effort of many nations to get to that point.
At this point we would just be putting America at a disadvantage.
Why do we need to compete with other countries on a global scale. If people can provide for themselves and their community, raise equality and freedom, people will be happier.
Why should we sell our souls to money just to empower corporations that don't work for the well being of the people?
Is having powerful corporations running the economy and people relying on increased wealth to make a living a good thing?
mr free society wants the government to tax people more. that will really lead to more freedom!
the government is the opposite of freedom, every added penny is transferred from people to government reduces freedom.
I don't want the government to do anything, but power restricts freedom regardless of in what form.
Corporate power regulates freedom to the same degree as state power, that is why the government will never raise Capital Gains Taxes to 90%, because it will hurt government revenues in the long term.
I don't want the government to do anything, but power restricts freedom regardless of in what form.
Corporate power regulates freedom to the same degree as state power, that is why the government will never raise Capital Gains Taxes to 90%, because it will hurt government revenues in the long term.
It would weaken state power, not strengthen it.
you want the government to take money from people and threaten them will violence and/or ruin if they dont comply.
you want the government to take money from people and threaten them will violence and/or ruin if they dont comply.
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.
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.
haha, you still are trying to figure out this philosophy of "libertarian socialism." you cant have that when you have a government that demands a 90% tax and threatens violence and/or ruin if someone doesnt pay it.
your little explanation of trying to use government to make the system more fair sounds very socialist and not very libertarian.
Oh wait, I get it now. So the wealthy should create wealth for everyone else. So I can just stay home and be lazy.
Lol
Hmmm, nah I like taking care of my family, I enjoy making a lot of money at work and in the market. I also enjoy helping those in true need by giving. Because I make a lot, I can give a lot on my own. I certainly don't need the Govt telling me I need to help support some clown working at McD's.
Come to think of it, you should move to Uruguay. Nice pretty country, it's communist so they redistribute the wealth. If you have over say $500g's they help themselves to it. For the good of others. Why wait for America to change your utopia is waiting for you
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