Here is why.
In 2010 I bought a cable system in a semi rural area from a large corporate company. I maintained, repaired, and upgraded the system for three years. I invested 80k and countless hours of my personal time to make it WORTH something. In 2014, i sold it to a larger company for 350k. Now, that company employs three full time employees, and contractor work to local contractors.
Do you think I would have taken that RISK, and put so much of my time into that, if the government was going to take half of it? I makes me angry to think that somebody would even ask me to do that, after they put up no money, risk or EFFORT to make that a success. After all, "I DID BUILD THAT", despite what my current president tells me.
With investment comes risk, and i don't see the government telling me, if i lose it they will share the risk. So, NO my investment gains should not be taxed the same as income tax, that comes with no risk.
I,m no expert on tax code, but a flat tax really seems like a fair system. The more stuff you buy and consume, the more tax's you pay. I guess another way to put it is, don't worry about what I earn, worry about what i spend.
"That sounds nice but it's like a sales tax and very regressive to the poorest among us." This is a huge misrepresentation of how a flat tax could work. Certain things could not be taxed at all. Utility bills could be tax free (up to a certain amount). Staple foods could be tax free. Food Stamps should only be used for staple foods. That, along with no tax on staple foods would instantly solve our food stamp crisis. All twinkies, soda, and dorito's could be taxed at the same rate as my cigarettes.
How many times have you been in a 7/11, and see some person walk up to the counter with a few of there kids and each has an individual sugar drink, and chips or candy, only pull out the food stamp credit card to pay for it, then pull out there cash to buy smokes? I'm not saying this is a majority or even close to how the majority spends food stamps, but it is the mentality of spending food stamps on anything but staple foods.
