No. of Recommendations: 27
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?
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.