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by apta
1997 days ago
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> That's only true if you raise taxes on the kind and amount of income that doctors and lawyers typically make. That's what Biden wants to do, terrible idea. Removing favorable treatment of long term capital gains is also a terrible idea. Ideally, there should be 0% gains tax (and income tax), but people will settle for favorable treatment compared to income tax. |
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Why? Your income is disproportionally dependent on investments and expenditure made by society to pave the way to your ability to generate income. It's fair that those who benefit the most from society also help the most to preserve its uplifting impact on the people.