>>>>>>>There's a difference between capital/investment income and labor income and how it's taxed
>>>>>>Of course there is and that's why we need Welfare Reform.
>>>>>>Look back and see who financed the lobbyists who got that put into law.
>>>>>>
>>>>>>You won't find many wage earners or small business owners who think that capital gains and certain investment income should be taxed lower than labor income.
>>>>>
>>>>>How many do you think believe as I do that income shouldn't be taxed at all? Does that make their opinion more or less valid to you? ;)
>>>>
>>>>Stupid question: without taxes how are we supposed to provide police and fire services, a military, schools, and so on? (I am tempted to try to slip the EPA past you but won't be a wise guy).
>>>
>>>Stupid answer : No income taxes != no taxes
>>
>>OK, I'll bite since I know you know a lot about finance. What kind of tax(es) do you suggest?
>
>Consumption based.
As I just said to Kevin, those taxes are highly regressive. Yet another example IMO of the well to do wanting an even bigger share of the pie.
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