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RE: Why I Believe Property Tax and Capital Gains Tax Are a Scam
Tax consumption not capital gains and property. People can only get out of poverty by capital gains and property. Income isn't likely to get anyone out of poverty ever. Capital gains from investment from a young age can, and property if a person buys real estate can. When people lose their homes because they didn't or couldn't pay taxes there is a problem with that.
Definitely, most likely because they spend way too much for their income. If their income was low they would pay income taxes after all.
And if they have property then they are living on cheaper resources then renters.
Thinking about it again, in the US probably all it needs to get bankcrupt thanks to Trump will be to get the flu.
People who invest both contribute to growth of the economy and fund their own retirement. Why punish that with high capital gains taxes? Especially during a time when technological unemployment is likely, why punish one of the few safe havens?
Capital gains is not investing. If you buy a stock at 1$ and sell it at 100$ exactly 0 things got produced.
That is the basis of the current financial problem:
Lots and lots of money is sloshing around (so much that we have negative interest), but the banks aren't doing with it what is wanted: Loan it to companies - so that they invest.
In fact companies are doing the opposite since 2008 - they aren't investing but instead lowering their loan amounts.
And states are trying to do the same.
So if the privates only put money in speculating (stocks and derivatives etc.), than we have the situation that all 3 sectors are trying to decrease investments. No wonder the economy does not work!
The price of the stock got produced. And a company got funded in the process.
Yes. The emission is investment. Everything after speculation. You can buy the stocks ten times and no cent goes to the company (How many times the GDP of the earth is traded daily on the stock exchanges?)
It goes to the people who work for the company who need liquidity to sell their stock.
Ah, I see. Getting stocks instead of money is something that is quite unique to the US.
Still, since the stocks are created just for that, it is an emission.
(The worker has invested her time into the company.)
But the people who buy the stocks from the workers are speculators. And no cent of their money goes to the company.
It allows the company to pay workers in stock in the first place. If no one speculated then stocks would have no market value.