In yesterday’s post, I noted that the capital gains tax should not apply to small property owners, and I wanted to clarify that. First, there should be NO capital gains tax, because that’s stealing. Who is the government to demand from someone a cut in whatever profit one might make when selling a property? What business is it of the government or anyone what property one owns, how much property one owns, how much it’s worth or how much it’s being sold for? It’s none of the government’s business! It’s no one else’s business!
What I really meant to say in the previous post, however, was that if there MUST be a capital gains tax (which is stealing, and coveting, and immoral), then at the very least it should only apply to big businesses and corporations that are buying and selling properties and investments in the millions. It should NOT apply to someone who owns a measly $250,000 condo for a long time, that they bought for $50,000, and wants to sell it in their retiring years. A retired couple on a fixed income shouldn’t have to pay $40,000 to the goddamn government just because of selling that condo. That’s what I meant to say.
Sorry, the comment form is closed at this time.