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by rswail
1490 days ago
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Realized capital gains should be taxed as income. They are income. Your second sentence applies to labor as well: "I'm the one doing the work, yet the government benefits..." Either "all taxation is theft", or "taxation is the government charging for providing the services necessary for work and business to operate". |
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1. Work a job and pay income tax 2. Invest remaining income, capital gains are taxes when liquidated. 3. Buy a car with the remaining gains, pay sales and property tax 4. Sell car, pay sales tax again 5. Reinvest money, earn gains, pay taxes on them 6. Repeat
The same money just keeps getting taxes. His point is that the money should be taxed once and only once.