From a tax perspective it’s not the same - not least because it’s hard to pin down when the money was earned- if you bought shares 10 years ago, and their value increased 8 years ago and then you held them for 8 years before selling this year when do you say the gain was? If you paying a low rate of income tax 8 years ago should you pay that on the gain? You can say 20% is too low, but you can’t treat it like earned income.
Likewise you do earn it in a sense (if everything is working right) - you give up the ability to access that cash and accept you might make a loss
If you’re just objecting to the idea you can use money to make money - Ok, but that seems to be an intrinsic property of money and there’s not much to be done about it.
Most of the people on Lemmy hate capitalism, so they very much object to the concept of using money to make money. They want to burn the entire system down. You won’t find much insightful discussion about economics here unfortunately. It’s mostly stuff they read in Das Kapital in their first year of college.
From a tax perspective it’s not the same - not least because it’s hard to pin down when the money was earned- if you bought shares 10 years ago, and their value increased 8 years ago and then you held them for 8 years before selling this year when do you say the gain was? If you paying a low rate of income tax 8 years ago should you pay that on the gain? You can say 20% is too low, but you can’t treat it like earned income.
Likewise you do earn it in a sense (if everything is working right) - you give up the ability to access that cash and accept you might make a loss
If you’re just objecting to the idea you can use money to make money - Ok, but that seems to be an intrinsic property of money and there’s not much to be done about it.
Most of the people on Lemmy hate capitalism, so they very much object to the concept of using money to make money. They want to burn the entire system down. You won’t find much insightful discussion about economics here unfortunately. It’s mostly stuff they read in Das Kapital in their first year of college.
So that’s why I often get the distinct sensation of Freshman dormitory around here!