Re: WGA Strike 90%+ vote to strike

On Sun, 4 Nov 2007 08:13:03 -0600, "Dennis \(Icarus\)"
<ala_dir_diver@xxxxxxxxx> wrote:

"Amy Guskin" <aisling@xxxxxxxxxxxxxx> wrote in message
news:0001HW.C3532F4F013C9F47F0182648@xxxxxxxxxxxxxxxxxxx
On Sun, 4 Nov 2007 08:33:07 -0400, Kurt Ullman wrote
(in article
<kurtullman-DE4B91.07330704112007@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx>):

In article <ec96f$472dba86$4c49ae41$7934@xxxxxxxxxxx>,
"Dennis \(Icarus\)" <ala_dir_diver@xxxxxxxxx> wrote:


Me, I've never quite understood why a rich man shouldn't be taxed for
money he receives for doing nothing, while a guy who works to support
his family isn't.

Well, IIRC they're both taxed on income, dividends, capital gains, etc.

I have decided that there needs to be a tax related Godwin rule that
states the person who says a rich man does nothing loses the argument.
<<

But that's not what Josh said. "...a rich man shouldn't be taxed for
money
he receives for doing nothing" is a subset of "all rich men." And in
fact,
it's a subset of "a rich man's income." Josh is talking about inherited
wealth only. Surely, if I can understand that -- when most of this
economics
discussion we invariably get into her makes my eyes glaze over -- you
can?

Hadn't the inherited wealth already been taxed?
the income, the dividents, the capital gains, etc?

On item I came across in my research was that the asset is re-basised at the
time of death. So the gains from the original purchase to that point could
be taxed.
Otherwise when the time came to sell you'd have to track down the orginal
cost basis, which may not be available.

Money is in general taxed repeatedly. Corporate income taxes, payroll
taxes, sales and excise taxes, what have you.

--
Josh

"I distrust those people who know so well what God wants them to do because
I notice it always coincides with their own desires." - Susan B. Anthony

.

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