
Originally Posted by
SadisticNature
Also from the earned perspective, why does it make sense to slash inheritance taxes, it seems to me inheritance is by definition unearned wealth.
Lastly, why have we chosen to tax investment income at a lesser rate than income earned through labor. A long line of those who are claimed to be champions of conservative economics was strongly opposed to this, the likes of which include Adam Smith and Andrew Mellon. The liberal economists have always been against it. Warren Buffet ripped the US government because he paid a lower % on his income than his secretary did, despite earning way more, because investment income is taxed so lightly.