I know nothing about economics, but this is how I see it:
The “wealth” produced by that discrepancy in growth/return is an illusion. Eventually, society will somehow have to correct for that, and it will be unpleasant. Economic depression or social upheaval will result.
So why are capital gains taxed at a lower rate than straight wages? Oh, yeah. ’Cause the ones with the capital make the rules and can afford the legislators, the lawyers, and the accountants.
Randy B Premium Member over 10 years ago
Lazy my @ss.Worker productivity rises much faster than worker pay.Someone’s extracting the value that should go into growth.
alviebird over 10 years ago
I know nothing about economics, but this is how I see it:
The “wealth” produced by that discrepancy in growth/return is an illusion. Eventually, society will somehow have to correct for that, and it will be unpleasant. Economic depression or social upheaval will result.
katzenbooks45 over 10 years ago
So why are capital gains taxed at a lower rate than straight wages? Oh, yeah. ’Cause the ones with the capital make the rules and can afford the legislators, the lawyers, and the accountants.