Australia's largest stock trading and investment forum Australia's #1 stock forum

The best country in the world, page-119

First 119 Last

Share
Profile

Follow
Tarvold

29,228 Posts.

1388

12/04/20

13:38

Post #: 44007174
Share

Originally posted by pierogi: ↑

I referred to financial capital.

Businesses and entrepreneurs also toil for income just like workers. The financial capital class just loans, borrows, rents, skims, buys, sells and moves money about. They receive the greatest rewards in our system which over time undermines the incentives for the productive toil, business and entrepreneurs.

It may surprise people to now there was a time when 'lazy' income was taxed at a higher rate to income by toil. And to there we must return.

Expand

So you are advocating taxing people more who work smarter than those that work 'harder'?

Where do you think all the capital comes from to finance the businesses that create the jobs that 'hard working Australians' do?
1 Upvote

Reply

Top Stories

ASX Market Open: Wall Street rockets to new records, Oz traders trail in wake | Sep 19

Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money

WGR

Western Gold tanks -20% as company reports 'raw data' for assays incomplete; buries low grades

Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally

SKK

Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame

First 119 Last