(Some confusion about my statement: I am not opposing labor to capital but incom…

(Some confusion about my statement: I am not opposing labor to capital but income, that is, revenues minus expenses, to capital gains from change in valuation. In other words we are taxing a baker on his income but if one day he sells his shop to a jeweler for a huge gain, the gain coming from pure luck, here real estate inflation, is taxed at a lower rate. Absurd.)

Leave a Reply

Your email address will not be published. Required fields are marked *