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MILLIONAIRE'S ISLAND: A Simple Example of Why 'Rich People' Don't Create Jobs (And What Galt's Gulch Would Look Like)

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Obdicut (Now with 2% less brain)11/11/2012 1:22:26 pm PST

re: #11 Barflytom

Great. So we can tax trades of stock as high as we want, because stock-trading doesn’t actually benefit the company at all past the initial sale of stock.

Likewise with capital gains tax on most things. The only thing that would be privileged in your point of view would be direct investment in a business.

You’re making a compelling argument for taxes focusing on most forms of unearned income, I’ll give you that.