Northern Light
Superstar
Put yourself in the shoes of an investor. Particularly one not trading in commodities or real estate. The government is now going to tax money that's just sitting in a bank account. How would you react?
How's this for an answer?
I am an investor.
Not in real estate or in commodities (as a direct play)
Its not my day job.
But yes, real money, and not just in ETFs.
I still support the principle without difficulty.
I have deep problems w/the ethics of people who feel that if they have more money than others they need not contribute more.
Of course there are limits.
Just as I don't support taxing the 1st dollar of earned income, nor do I advocate taxing the 1st dollar of base capital.
Nor the first hundred, or thousand or ten thousand etc.
But yes, at some point, everyone should acknowledge when they have an unreasonable amount of wealth that they have not earned.
If they give it away on their own, awesome.
If not, some portion of it should be taxed.