The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/is-it-like-a-gold-rushgold-fever-thing-or-is-it-32971132.aspx

Subject:  Re: Best Way to Lose $5 Billion Dollars Date:  2/1/2018  2:54 PM
Author:  syke6 Number:  87166 of 94126

Is it like a gold rush/gold fever thing? Or is it a latent Marxist "it's just not fair" mob thing?
Yelling "The bourgeois pig has died -- storm his gates, break into his estate, grab your rightful share of the pounds of flesh he extracted from you!"

What ever happened to "Life, Liberty and the Pursuit of Happiness" (private property being an essential element in the Founders use of that last term).


No, more like a "being a responsible and pragmatic citizen" thing. The Founders weren't stupid. They understood that taxes are required to maintain a free society and specifically gave Congress the power to tax. Since the Founders didn't have a problem with notion of taxes, why should you?

And since we have to have taxes, then it makes sense for them to be as fair and as smart as we can make them. Congress recently changed the tax code, such that tuition wavers are now considered taxable income, effectively making college more expensive for many students, especially graduate students. As Ronald Reagan said "if you want less of something, tax it." Is that smart way to raise revenues? Are we really so short on money that we have to tax college students? Do we really want to use the tax code to discourage education?

Yet, money you did nothing to earn--didn't risk it in investments, didn't get it in exchange for your labor, nothing--isn't taxed. Why are tuition wavers evil, but doing nothing is sacred?

Is this good governance?
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us