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Old 09-03-2019, 03:10 AM
Wrenching Spanners is offline
Join Date: Jun 2011
Location: London
Posts: 567
Originally Posted by Mijin View Post
If your argument is just "his stock his decision" then does that mean you are against all taxes? Because we could say exactly the same thing about income.

Otherwise the argument seems inherently flawed.

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As stated before:
Income is money that I earned this year. Wealth is the accumulation of money that I earned in the past that I havenít spent, or that Iíve spent on assets such as shares or property.
I believe income should be taxed and wealth shouldn't be. Increases in cash wealth are income and should be taxed. If someone has $100 million sitting in the bank earning interest, the interest should be taxed. The $100 million shouldn't be. And if it takes the form of property or shares, then someone shouldn't be forced to sell the property or shares to pay a wealth tax.