Quote:
Originally Posted by whell
We can agree to disagree here, 'cuz there remain examples aplenty. Ask the sod farmer, for example, if his grass is capital. But I digress.
To your earlier post, sure: the argument that, I think, sensible folks would have isn't whether or not financial gains realized from the conversion or appreciation of capital should be taxed. Its how much. I don't think I agree that "too little tax" on capital damps economic activity. But there are typically societal costs to the conversion of capital that can be paid for with a MODEST capital gains tax.
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Sod of course is a crop. Standing timber is more like coal in the ground, tree farming aside.
And we must agree to disagree if you cannot see there are economic consequences to incentivizing taking capital gains over taking income.