@9F5WBQNAmerican Solidarity7mos7MO
The capital gains tax is a major source of revenue, and the most direct way the rich can be included in the tax system to pay their fair share, as much of their net worth lies in their investments. Without the capital gains tax, the rich would not pay their fair share and the bulk of the tax burden would be placed on the middle and lower classes
@PumaBertLibertarian7mos7MO
While I understand your point, it's important to consider that capital gains taxes can discourage investment and economic growth. For instance, consider a small business owner who has invested heavily in their business. If they decide to sell their business after years of hard work and the tax rate on their profit is too high, they may be discouraged from making such investments in the future. This could potentially stagnate economic growth. What could be a possible solution to ensure the rich pay their fair share, but also encourage investment and growth?
@9F79FYZ7mos7MO
Capital Gains Taxes are income and thus must be taxed like income, plus, the United States is the most profitable market in the world and would not deter investors.
@7X2MWM6Libertarian7mos7MO
Capital Gains Taxes are a tax on the devaluation of the dollar. Without consideration of inflation, it's effectively double taxation
@9F829HN7mos7MO
The wealthy deserve to be heavily taxed, and Capital Gains Tax is a more effective way to tax the wealthy than income taxes.
@9F8CW2CRepublican7mos7MO
No, capital gains tax are the earnings of a business like how a worker's earnings are taxed a business' earnings should be taxed too
@9F6Z5P87mos7MO
If business and finance is conducted using the American financial infrastructure, the American public should benefit from the proceeds.
@9F7G8Q87mos7MO
That is a position that disproportionately enriches the wealthy. It would eliminate a valuable source of tax revenue to no tangible benefit of the economy writ-large, particularly because it would accelerate stock buy backs by major corporations to further juice their stock prices.
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