By definition, capital gains is money earned that you didn’t have to work for. Why is it taxed less than money you work for?
@BestStephenD To encourage investment and risk taking. You could just as easily get a loss and you can't deduct that from your income (you cab deduct it from past or future capital gains for 3 years I think).
@BestStephenD The same people who use the term "emotional labor" can't understand why returns on capital that is put at risk is taxed at a lower rate than being a reliable cog.
Well, my son out in Calgary has put his entire life into a startup business going back about 7 yrs. He stuck his neck out and took considerable personal and financial risks to make it happen. He is in the process of selling it as we speak. Your suggestion that the capital gains is money that he didn’t have to work for is more than a little bit insulting. Clearly you have never done that. Clearly you have never stuck your neck out and clearly you are an idiot. Really hard to believe you have the number of followers you do….
@BestStephenD Because generally you want to encourage people with money to invest that money and keep it liquid, rather than have them remove it from circulation via gigantic savings accounts. Increasing capital gains damages long-term GDP and growth for slight short-term revenue gains.
@BestStephenD You work for money Get taxed Use some of the leftover money to invest Then it gets taxed again How many times do you need to take it before you have satisfied the lust for other peoples money?
@BestStephenD Why not give it all away? So easy to buy and renovate a home. Rent it to peasants, give your profits to Ukraine.
@BestStephenD Supply-side economics encourages business to supply things not currently in demand. It can grow the economy but is high-risk and therefore higher-reward. Working an existing position does not grow the economy (demand for labour = supply of labour)