Maxprop wrote:
"Walt" wrote in message


A guy who busts his ass working as a plumber or a ditch digger pays a
higher rate than a guy who makes much more flipping condos or bonds.

Oh really??? Did you conveniently omit the capital gains tax, or just
forget about it.

No. The tax on capital gains is lower than the tax on labor. Look it
up in the tax tables. Don't forget to include payroll taxes.


And the guy who makes money flipping condos in turn pays a higher rate
than the lucky offspring of the well to do who "earn" their fortune simply
by virtue of outliving their parents.

The heirs don't "earn" anything. They inherit the money their progenitors
have *already paid taxes upon.* So you'd tax that money again? Why?

Every time money changes hands, it's taxed. If I pay a plumber to
unclog my drains, he pays income taxes on it. Yes, I've already paid
income taxes on the money I used to pay him, but that's the way it
works. And if he uses the money to tip a waitress at lunch, she pays
taxes on it. And if she hires a gardener, the gardener pays income
taxes on the money he's paid. And if he hires somebody for something,
that person pays too. etc. etc. etc.

That's the way income taxes work. Why you want to make a special
exemption for the progeny of the idle rich is beyond me. Is it because
they don't "earn" it? Are you really so gullible that you think
you're going to be one of them some day?

Oh wait--you're in favor of punitive taxation. I almost forgot.

WHACK that strawman, Max. WHACK it like you mean it. C'mon, you can
do it.

// Walt