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Tarvold

29,230 Posts.

1388

12/04/20

13:38

Post #: 44007174
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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.

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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?
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