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Reply #66: Not just risk. The more passive the investment, as less effort is required [View All]

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-23-03 01:53 AM
Response to Reply #61
66. Not just risk. The more passive the investment, as less effort is required
Edited on Thu Oct-23-03 01:53 AM by AP
to earn that money, in terms of time committment (for example) than the higher the tax rate should be relative to someone busting her ass, giving up lots of time, and actually putting something serious on the line to get that income.

One of the reasons stock options are so popular is becuase it means people can potentially get income taxed at LTCG or CG rates rather than earned income rates. There are lots of crazy angles to it too. In the late 90s, they weren't really an otion for the janitors. They still had their income taxed at higher rates than the poepe getting the options. Now they're used because these companies have no money and, in a poor employment market, you can force people to work for low wages in exchenge for dream of making it big. In a better economy, these people would have mor choices.
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  -Why do repugs want tax cuts for the rich? Brucey  Oct-22-03 10:58 AM   #0 
  - A Few of Them Sincerely Believe  durutti   Oct-22-03 10:59 AM   #1 
  - Yes - And  eileen_d   Oct-22-03 11:01 AM   #2 
  - Exactly  Lindacooks   Oct-22-03 11:03 AM   #4 
  - Actually...  QuestioningStudent   Oct-22-03 11:08 AM   #6 
  - Taxation is billing for services; you advocate subsidizing the rich  PurityOfEssence   Oct-22-03 11:29 AM   #12 
  - eh...  QuestioningStudent   Oct-22-03 01:00 PM   #22 
     - Interesting points  PurityOfEssence   Oct-22-03 03:22 PM   #48 
        - Brief analysis of market liberalism.  QuestioningStudent   Oct-22-03 09:32 PM   #64 
           - No flaws in your general recitation  quaker bill   Oct-23-03 06:57 AM   #68 
              - To be completely fair  QuestioningStudent   Oct-23-03 07:38 AM   #69 
  - There's a curve representing a fair tax burden at increasing inc. levels  AP   Oct-22-03 11:33 AM   #14 
  - define  BikeDeck   Oct-22-03 12:56 PM   #19 
  - Fair share is this:  AP   Oct-22-03 01:40 PM   #26 
     - How about some numbers  BikeDeck   Oct-22-03 01:42 PM   #27 
        - Without having a team of economists crunching numbers, I can only  AP   Oct-22-03 01:51 PM   #30 
           - Risk/Reward  Hammie   Oct-22-03 05:15 PM   #51 
              - more money for more risk?  stevebreeze   Oct-22-03 06:00 PM   #54 
                 - Fiancial Risk  Hammie   Oct-22-03 07:19 PM   #61 
                    - Not just risk. The more passive the investment, as less effort is required  AP   Oct-23-03 01:53 AM   #66 
  - If tax shares are fair you would find all income growing in unison  stevebreeze   Oct-22-03 06:26 PM   #56 
  - Either way the rich get richer and poor get poorer  Bandit   Oct-22-03 11:59 AM   #16 
     - Largess  BikeDeck   Oct-22-03 12:58 PM   #20 
        - In my local area many have been cut.  Bandit   Oct-22-03 01:45 PM   #29 
        - Education funding  BikeDeck   Oct-22-03 02:00 PM   #35 
           - Then why are most school district budgets declining?  ShimokitaJer   Oct-22-03 02:04 PM   #38 
           - What are they spending it on? Buying standardized test programs  AP   Oct-22-03 02:42 PM   #47 
        - The top 5% pay a way lower proportion of their wealth in taxes than the  AP   Oct-22-03 01:55 PM   #32 
        - Wealth is irrelevant  BikeDeck   Oct-22-03 02:04 PM   #37 
           - Spreading the burden of taxation fairly is critical to a competitive...  AP   Oct-22-03 02:26 PM   #42 
        - Have you ever heard of "The Declining Marginal Utility of Currency"?  tom_paine   Oct-22-03 01:55 PM   #33 
        - Payroll taxes  BikeDeck   Oct-22-03 02:05 PM   #39 
           - The wingers can only argue this by narrowing the focus (and even then they  AP   Oct-22-03 02:31 PM   #43 
        - Isn't this true because an overwhelming percentage of the income taxes pai  Bandit   Oct-22-03 04:08 PM   #50 
  - Actually, their only choice is to invest it, spend it, or give it away....  NoMoreRedInk   Oct-22-03 06:45 PM   #59 
  - right on both counts  WhoCountsTheVotes   Oct-22-03 11:02 AM   #3 
  - Because they agree with the Dems  sangh0   Oct-22-03 11:03 AM   #5 
  - All of the above  mrgorth   Oct-22-03 11:11 AM   #7 
  - Because they deserve it  DBoon   Oct-22-03 11:17 AM   #8 
  - Because even the 'good' ones  JewelDigger   Oct-22-03 11:25 AM   #9 
  - It's the default answer to What would Reagan Do?  HereSince1628   Oct-22-03 11:26 AM   #10 
  - Laffer Curve  BikeDeck   Oct-22-03 01:00 PM   #21 
     - The Laffer Curve is true ONLY if...  ShimokitaJer   Oct-22-03 01:23 PM   #24 
        - maximization  BikeDeck   Oct-22-03 01:34 PM   #25 
           - The goal of the US government is NOT to maximize profits  ShimokitaJer   Oct-22-03 02:00 PM   #36 
              - What profits  Hammie   Oct-22-03 07:06 PM   #60 
  - Repub gov'ts are wealth-protection societies.  AP   Oct-22-03 11:28 AM   #11 
  - Read this excellent essay by Bill Moyers on this  prolesunited   Oct-22-03 11:31 AM   #13 
  - I long ago gave up caring what repugs think.  leftofthedial   Oct-22-03 11:36 AM   #15 
  - Because they think *they* are rich.  Cat Atomic   Oct-22-03 12:06 PM   #17 
  - Ding, ding, ding, ding, ding! This is the correct answer.  alcuno   Oct-22-03 06:03 PM   #55 
  - Let me defend Free Market Repubs here  corporalclegg9   Oct-22-03 12:35 PM   #18 
  - Thanks for playing the devil's advocate  ShimokitaJer   Oct-22-03 01:18 PM   #23 
  - The other part that I don't understand about the conservative  Brucey   Oct-22-03 01:53 PM   #31 
  - but they don't believe it  WhoCountsTheVotes   Oct-22-03 01:43 PM   #28 
     - I think that they DO believe it...  corporalclegg9   Oct-22-03 02:10 PM   #40 
        - There is no place in the world where markets are totally free,  Brucey   Oct-22-03 05:52 PM   #53 
           - There is a difference...  QuestioningStudent   Oct-23-03 06:22 AM   #67 
  - Money is "wasted" on poor/middle class people  SoCalDem   Oct-22-03 01:58 PM   #34 
  - Besides, rich people need more money...  ShimokitaJer   Oct-22-03 02:14 PM   #41 
  - I know the answers.  GOPBasher   Oct-22-03 02:35 PM   #44 
  - Pure and simple  indypaul   Oct-22-03 02:39 PM   #45 
  - Three kinds of Republicans on this issue  ComerPerro   Oct-22-03 02:42 PM   #46 
  - Did you catch Norquist on NPR?  Sesquipedalian   Oct-22-03 03:26 PM   #49 
  - Three Words:  mkregel   Oct-22-03 05:17 PM   #52 
  - Capitalism  Hammie   Oct-22-03 06:39 PM   #57 
  - "...cutting the tax rates, particularly on the rich, will grow the ..."  SoCalDem   Oct-22-03 06:41 PM   #58 
  - The Problem w/ This Theory  durutti   Oct-22-03 08:06 PM   #63 
     - Good points  Hammie   Oct-22-03 10:17 PM   #65 
  - Precisely, oh a tangled web they weave...  HypnoToad   Oct-22-03 07:40 PM   #62 
 

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