Ah - Well there's a whole other branch of discussion having to do with Capital Gains Tax. I think the biggest problem that Capital Gains causes could be summed up by the word "stagnation". Because of it, people do tend to leave money in an investment (perhaps even a bad one) longer than they should just to avoid the Capital Gains tax.
Either way, in the context of Fairtax, both earned and unearned (Capital Gains) income taxes should/would go away since income isn't taxed, spending is. -Cameron On 1/11/06, Nick McClure <[EMAIL PROTECTED]> wrote: > Actually that was a typo. I'm against it not being taxed. > > I don't think it should be taxed at the same levels as normal income. > However I think it should be taxed in some way. > > > -----Original Message----- > > From: Cameron Childress [mailto:[EMAIL PROTECTED] > > Sent: Wednesday, January 11, 2006 10:47 AM > > To: CF-Community > > Subject: Re: FairTax (was Re: Next in line to be labelled) > > > > On 1/11/06, Nick McClure <[EMAIL PROTECTED]> wrote: > > > I'm not against capital gains, I'm just against it being taxed. I don't > > like > > > the idea of people hording money. If they spend it, great, but if they > > just > > > sit on it, then it doesn't help anybody. > > > > The only way someone can "horde" money without putting it back into > > the economy is litterally putting it under their mattress. Stocks, > > bonds, even a simple savings account - all put money back into the > > economy in one form or another. > > > > I do agree with you, however, that the capital gains tax should be > > eliminated. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:191654 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
