Dalkore (OP)
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January 15, 2013, 04:57:02 PM Last edit: January 15, 2013, 05:19:18 PM by Dalkore |
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The Nature and Origin of Justice (Quote by Plato):
"They say that to do injustice is, by nature, good; to suffer injustice evil; but that the evil is greater than the good. And so when men have both done and suffered injustice and have had experience of both, not being able to avoid the one and obtain the other, they think that they better agree among themselves to have neither; hence there arise laws and mutual covenants; and that which is ordained by law is termed by them lawful and just. This they affirm to be the origin and nature of justice;--it is a mean or compromise, between the best of all, which is to do injustice and not be punished, and the worst of all, which is to suffer injustice without the power of retaliation; and justice, being the middle point between the two, is tolerated not as a good, but as the lesser evil, and honored by reason of the inability of men to do injustice. For no man who is worthy of being called a man would ever submit to such an agreement if he were able to resist; he would be mad if he did."
Note: Maybe, just maybe, this is why we decided to form nations. And just maybe there was a time where men did volunteer to adhere to those laws & justice. Just maybe people who want AnCap are just here too late as to when their nations agreement happened.
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myrkul
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January 15, 2013, 05:09:33 PM |
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For those who are wondering, no, this is not Dalkore's original work... He quoted Plato, but evidently forgot to use the quote tags.
And I don't know about the rest of you, but I know I would rather do and receive justice, rather than do injustice and get away with it. Maybe I'm just weird.
As to the origin of the state, that much is clear: being robbed of a small portion of your income at regular, predictable intervals is preferable to losing most, if not all, of it at random intervals.
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Dalkore (OP)
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January 15, 2013, 05:18:48 PM |
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For those who are wondering, no, this is not Dalkore's original work... He quoted Plato, but evidently forgot to use the quote tags.
And I don't know about the rest of you, but I know I would rather do and receive justice, rather than do injustice and get away with it. Maybe I'm just weird.
As to the origin of the state, that much is clear: being robbed of a small portion of your income at regular, predictable intervals is preferable to losing most, if not all, of it at random intervals.
Sorry, I thought it copied it all, I fixed that for you. I wish was at the level to write dimes of knowledge like this. I thought it would be fitting for a discussion. @ Myrkul - Yes, I believe we all would prefer that but that doesn't happen without the injustice happening too. You call taxes being robbed but maybe, just maybe you are upset that you were not around 224 years ago to be part of that debate.
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myrkul
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January 15, 2013, 05:38:54 PM |
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As to the origin of the state, that much is clear: being robbed of a small portion of your income at regular, predictable intervals is preferable to losing most, if not all, of it at random intervals.
You call taxes being robbed but maybe, just maybe you are upset that you were not around 224 years ago to be part of that debate. My position then would be the same as it is now: I'd rather not exchange one tyrant 3000 miles away for 3000 tyrants 1 mile away. And it should be noted that until 1913, the US government's only source of income was tariffs and sales tax, with 40% of it's revenue coming from the tax on alcohol consumption. Which, as I have said before, i would have much less problem with. (especially since I don't drink) I'm sure the slaves wished they were around 224 years ago for that discussion about slavery, too.
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Dalkore (OP)
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January 15, 2013, 05:46:49 PM |
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As to the origin of the state, that much is clear: being robbed of a small portion of your income at regular, predictable intervals is preferable to losing most, if not all, of it at random intervals.
You call taxes being robbed but maybe, just maybe you are upset that you were not around 224 years ago to be part of that debate. My position then would be the same as it is now: I'd rather not exchange one tyrant 3000 miles away for 3000 tyrants 1 mile away. And it should be noted that until 1913, the US government's only source of income was tariffs and sales tax, with 40% of it's revenue coming from the tax on alcohol consumption. Which, as I have said before, i would have much less problem with. (especially since I don't drink) I'm sure the slaves wished they were around 224 years ago for that discussion about slavery, too. Well I support a more decentralized government, I think a state is around the limit for manageability. I also agree that we should not tax income and instead focus on capital gains, consumption and tariffs. Yes, the slaves would of wanted to be at the table as well.
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myrkul
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January 15, 2013, 06:02:27 PM |
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As to the origin of the state, that much is clear: being robbed of a small portion of your income at regular, predictable intervals is preferable to losing most, if not all, of it at random intervals.
You call taxes being robbed but maybe, just maybe you are upset that you were not around 224 years ago to be part of that debate. My position then would be the same as it is now: I'd rather not exchange one tyrant 3000 miles away for 3000 tyrants 1 mile away. Well I support a more decentralized government, I think a state is around the limit for manageability. I also support a more decentralized government. I happen to think the individual is the limit, though. And it should be noted that until 1913, the US government's only source of income was tariffs and sales tax, with 40% of it's revenue coming from the tax on alcohol consumption. Which, as I have said before, i would have much less problem with. (especially since I don't drink) I also agree that we should not tax income and instead focus on capital gains, consumption and tariffs. Tell me, what is the difference between income and capital gains? I'm sure the slaves wished they were around 224 years ago for that discussion about slavery, too.) Yes, the slaves would [have] wanted to be at the table as well. And I'm sure, if the slave owners bothered to think about it and talk to them about it (which of course, they didn't, they just used the whip), the arguments you use to support taxation would have sounded fairly familiar.
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Dalkore (OP)
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January 15, 2013, 06:09:23 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain.
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myrkul
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January 15, 2013, 06:16:18 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set?
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Dalkore (OP)
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January 15, 2013, 06:26:44 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. To contrast with today, we tax both income and capital gains but favor capital gains. In this current system, it has centralized wealth in the few and widen the gap between the rich and poor. When you have large disparities in any society, it creates social problems that if left unchecked, usually end in a revolution of the poor against the rich rent-seeking class in that society. I am for wealth and having able people to accumulate wealth & capital, but the higher they go up the ladder in with widening gap, the tax laws should not encourage more centralization of wealth. Now if we see a reasonable gap with incomes in the bottom percentile increasing while the apex is getting larger (decentralized wealthy class), then taxes should not punish that behavior because that would tell me that the wealthy are being a good steward of those assets and resources. It is all about finding the right balance. You don't have capitalism so you have a few winners and a bunch of losers. When that happens it is called feudalism.
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myrkul
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January 15, 2013, 06:35:01 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right?
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Dalkore (OP)
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January 15, 2013, 06:41:41 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest.
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myrkul
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January 15, 2013, 06:56:28 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest. So, you're discouraging loans. You're discouraging investment. You're discouraging commercial property ownership. By discouraging these, you're also discouraging starting new businesses. Do you see this as beneficial to the economy?
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Dalkore (OP)
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January 15, 2013, 07:14:32 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest. So, you're discouraging loans. You're discouraging investment. You're discouraging commercial property ownership. By discouraging these, you're also discouraging starting new businesses. Do you see this as beneficial to the economy? You make it seem that people would not engage in these profitable activities, which is not the case. What I am discouraging it centralization and concentration and of vast wealth into a group of the few that would make it their primary method of making profits off of rent-seeking and interest. Loans will still happen and the tax implication will be taken into account. Commercial property will still be owned. New business will still be started. Funny how you think this would not happen.
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myrkul
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January 15, 2013, 07:23:05 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest. So, you're discouraging loans. You're discouraging investment. You're discouraging commercial property ownership. By discouraging these, you're also discouraging starting new businesses. Do you see this as beneficial to the economy? You make it seem that people would not engage in these profitable activities, which is not the case. Economics rule#1: Incentives work. Yes, people will still do these things. But they will do them less often then without the tax structures. I say again, do you see this as beneficial to the economy?
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Dalkore (OP)
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January 15, 2013, 07:30:29 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest. So, you're discouraging loans. You're discouraging investment. You're discouraging commercial property ownership. By discouraging these, you're also discouraging starting new businesses. Do you see this as beneficial to the economy? You make it seem that people would not engage in these profitable activities, which is not the case. Economics rule#1: Incentives work. Yes, people will still do these things. But they will do them less often then without the tax structures. I say again, do you see this as beneficial to the economy? First off, just saying Economics Rule does mean anything. Yes I see this sort of tax structure beneficial to the economy as society. It will build a sound foundation to grow upon. It will also be beneficial for society because it will not create major imbalances that create social discontent that if left unchecked will hamper economic activity. Maybe you forgot that society and the economy have to work together to create a quality environment.
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SgtSpike
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January 15, 2013, 07:35:30 PM |
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Tell me, what is the difference between income and capital gains?
Income is wealth you generated with your own direct energy. Capital Gains is wealth you generated by investing it with another entity that invested on your behalf. The key difference is the 3rd party. You working as a clerk for an employer, income. Investing into a corporation or bond and receiving proceeds from the appreciation or interest income, capital gain. Put another way, income is something you expended effort for, and capital gain is something you accepted risk for, yes? So, you want to encourage (by not taxing) working for an employer and discourage (by taxing) investing. What do you imagine will be the result of that incentive set? Actually my goal would be to taxing anything that can be used to compound their interest. This features tends to concentrate control and influence over time and that type of central control should be taxed. What we don't want to a rent-seeking class. So presumably you would also have large property taxes, with breaks for non-commercial owners, yes? Thus taxing heavily hotels and landlords? And of course, interest on loans would be considered "capital gains," right? It would mainly depend on if you owned the building free and clear. If you were in the process of purchasing it, it would not be considered capital gains yet. Once you did own it, yes, I could see tax rates being different that a non-commercial property. Interest on Loans would be capital gains. I see profits from the sales of goods or services and healthier for an economy than profits from interest. So, you're discouraging loans. You're discouraging investment. You're discouraging commercial property ownership. By discouraging these, you're also discouraging starting new businesses. Do you see this as beneficial to the economy? You make it seem that people would not engage in these profitable activities, which is not the case. Economics rule#1: Incentives work. Yes, people will still do these things. But they will do them less often then without the tax structures. I say again, do you see this as beneficial to the economy? First off, just saying Economics Rule does mean anything. Yes I see this sort of tax structure beneficial to the economy as society. It will build a sound foundation to grow upon. It will also be beneficial for society because it will not create major imbalances that create social discontent that if left unchecked will hamper economic activity. Maybe you forgot that society and the economy have to work together to create a quality environment. But the rules you would like to see happen would discourage the economy from creating a quality environment. You'd have fewer people attempting to start up small businesses, less innovation (equates to fewer products improving our lives), less jobs available (fewer people who want to invest in a larger labor force when the risk vs reward ratio is lower and their loans cost more?), etc.
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Dalkore (OP)
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January 15, 2013, 07:40:40 PM |
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But the rules you would like to see happen would discourage the economy from creating a quality environment. You'd have fewer people attempting to start up small businesses, less innovation (equates to fewer products improving our lives), less jobs available (fewer people who want to invest in a larger labor force when the risk vs reward ratio is lower and their loans cost more?), etc.
I disagree. First off, my tax rates over all would be less than our current system. Around 10-19% seem to be a range I feel would be acceptable and would meet the needs of basic services. You can't compare our current system to a new system in a 1 to 1 manner. There are many other laws that would be changed or thrown out. Overall it would be a much more vibrant environment and it would encourage new business. What it would focus on is established businesses that continue to trying and monopolize or corner any industry. Usually other business are the biggest deterrent for new entrants, not the tax code. Again I state, I would want to discourage large concentrations of wealth in rent-seeking and interest gather operations.
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justusranvier
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January 15, 2013, 08:08:39 PM |
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Around 10-19% seem to be a range I feel would be acceptable and would meet the needs of basic services. tl;dr Should other people be free to disagree with you, or should they be forced to comply with what you think is acceptable?
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SgtSpike
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January 15, 2013, 08:18:59 PM |
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But the rules you would like to see happen would discourage the economy from creating a quality environment. You'd have fewer people attempting to start up small businesses, less innovation (equates to fewer products improving our lives), less jobs available (fewer people who want to invest in a larger labor force when the risk vs reward ratio is lower and their loans cost more?), etc.
I disagree. First off, my tax rates over all would be less than our current system. Around 10-19% seem to be a range I feel would be acceptable and would meet the needs of basic services. You can't compare our current system to a new system in a 1 to 1 manner. There are many other laws that would be changed or thrown out. Overall it would be a much more vibrant environment and it would encourage new business. What it would focus on is established businesses that continue to trying and monopolize or corner any industry. Usually other business are the biggest deterrent for new entrants, not the tax code. Again I state, I would want to discourage large concentrations of wealth in rent-seeking and interest gather operations. So in your system, you get to arbitrarily pay the taxes you want, arbitrarily tax whatever companies you want (under the pretext that they are "trying to monopolize or corner any industry", which is naturally a subjective observation), and somehow this is supposed to encourage new businesses and a more vibrant environment? If I am an investor, and an entrepreneur comes to me for capital to build a housing complex (thus reducing rental costs for the area, as more housing is available), I might look at my potential gains (profit of $100k on a $1M investment), your 60% capital gains tax (or whatever it is you wish to raise the capital gains tax rate to), and say, meh, tying up $1M for a $400k return over 10 years isn't worth it. Whereas I might look at the current capital gains tax rate (what is it, 25%?), and say, wow, $750k over a 10 year span for a $1M investment sounds like a great deal! Meanwhile, because I've decided not to invest in a housing complex, the housing complex doesn't get built, people struggle to find a place to live, and housing rental prices rise until the calculated return on investment is worth it for some investor somewhere. What am I missing here? How would a capital gains tax NOT discourage investment?
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Dalkore (OP)
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January 15, 2013, 08:19:06 PM |
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Around 10-19% seem to be a range I feel would be acceptable and would meet the needs of basic services. tl;dr Should other people be free to disagree with you, or should they be forced to comply with what you think is acceptable? Wrong question. Obviously if someone wants to be part of a nation that has this tax rate and policies then they agreed to be subject to those laws. If not then they would not be part of the nation, they would be part of some other nation where they agreed with their laws and taxes or lack there of.
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