Quote:
Originally Posted by Jim in CT
Well, you responded to my post by saying that investors are not philanthropists. Since no one in the history of the world has ever claimed that they are philanthropists, I don't know what your point was.
Investors take risks that employees do not take. It's that simple.
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Right, they take risk employees don't. They take a risk they cant afford to take. They make money by being in the business of risk taking. It is income. There are lots of ways it could be more equitable through a similar progressive tax system that already exists on dividends so that typical Joe schmo can invest. Now what we have is a system where a portion of the truly wealthy can borrow at a low rate, invest it and earn , 3-4% on that money and pay less in taxes than the actuary just getting by with 2 1/2 kids and a recently purchased spaceballs Winnebago (good choice by the way, I bid on the dark helmet) pays in income tax.
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