UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35593  
Subject: Re: screw the working guy/gal Date: 1/7/2003 3:11 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
The fairness comes from avoiding double taxation of income, not from any perceived disparity between the wealthy and the poor.


If "double taxation" were ended at the corporate, not individual taxpayer level, that would allow for a fairer approach to taxation of savings (there would still be long term capital gains, but that's less of a difference than marginal rate vs. zero). The Shrub plan does nothing for dividends in tax deferred plans, which is where most non-wealthy investors have most of their stock holdings, and it privileges buying stocks, which are riskier, which means those who cannot afford to take risks (this isn't psychological fear of risk taking, it has to do with consequences of risk taking, which can be dire for those with less money) get stuck paying the taxes.

If they want to end "double taxation," it should be at the corporate level, as all the credible economists I've read suggest, but this way is better politics.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


Post of the Day:
Macro Economics

Fun With Predictions
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.