The Soapbox

Hoodafan

Joined: 09/29/2013 Posts: 60565
Likes: 57020


There will always be a need for, and we should have, some wealth transfer.


I learned long ago that in a society that wants survival of the fittest, some will simply end up with the short stick, and in this wealthy of a society, we simply can't (and won't) say "tough chit".

My issue with ACA in that regard was the extent to which they did it, the giveaways they used to "buy" votes, and did so with a system that increased demand, but not supply, that could only drive costs up (and thus increase the need for more wealth transfer).

As an aside, while I have long believed CG should be taxed at the ordinary income rates (perhaps with some adjustment for time held to offset inflation), no one is being required to pay part of someone else's CG taxes, so not really the same type of "wealth transfer". It's simply a lower flat tax to go along with our progressive income tax system.

(In response to this post by hoolstoptheheels)

Posted: 09/13/2019 at 1:23PM



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Current Thread:
 
  
Biden: “If you like your healthcare you can keep it” -- PalmyraHoo 09/13/2019 10:08AM
  What they are doing is irrelevant though -- tchoo 09/13/2019 5:32PM
  Is that 40+ years net of Sopabox posting breaks? ** -- hoolstoptheheels 09/13/2019 1:48PM
  Ok, Ok, 10 years it is! ** -- Hoodafan 09/13/2019 2:08PM
  Bingo ** -- 111Balz 09/13/2019 11:05AM
  Unless you have ALL of those stats for this country -- 111Balz 09/13/2019 12:22PM
  I disagree -- Quaker 09/13/2019 12:18PM
  Wait times and quality of visits... -- Hoos Operator 09/13/2019 12:31PM
  (link) -- Hoos Operator 09/13/2019 12:46PM
  Fair enough -- Quaker 09/13/2019 12:54PM
  He may replay audio of that on his record player ** -- Mad Bowl Hoo 09/13/2019 10:31AM

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