Capital Gains Tax

[fungus pudding]

You are not paying more than your fair share.
Your fair share takes into account your ability to pay, not what you pay in relation to anyone else.
A fair tax system means that the costs of contributing to tax revenues are shared in a way that takes into account the ability to pay.

From each according to their ability, to each according to their needs" Karl Marx

'Ability to pay' does not make for fairness. Should a tin of baked beans cost more if you happen to be very wealth? You and Karl Marx might think so, but not many do.

[Bjauck]

'Ability to pay' does not make for fairness. Should a tin of baked beans cost more if you happen to be very wealth? You and Karl Marx might think so, but not many do.

If the consequence of an offence against the law of the land is both punishment and deterrence. Do you think that fines should be levied at amounts according to the transgressor's ability to pay?

Otherwise for one person $80 is petty cash but for another it means no food for a week. The punishment would not necessarily fit the infringement?

[fungus pudding]

If the consequence of an offence against the law of the land is both punishment and deterrence. Do you think that fines should be levied at amounts according to the transgressor's ability to pay?

Of course, but a fine is not primarily a money raising exercise; it is a punishment and while $1 would be severe punishment to me you probably wouldn't blink at a $10,000 fine.

[Bjauck]

Of course, but a fine is not primarily a money raising exercise; it is a punishment and while $1 would be severe punishment to me you probably wouldn't blink at a $10,000 fine.

I Wish that that were true...

If not a Punishment...taxes are used to encourage certain activities (and resulting in deterrence for others)

Ability to be able to pay taxes must be a factor in deciding whether to levy them in the first place.

[fungus pudding]

I Wish that that were true...

If not a Punishment...taxes are used to encourage certain activities (and resulting in deterrence for others)

Ability to be able to pay taxes must be a factor in deciding whether to levy them in the first place.

Indeed, So they should be levied so a low earner can pay them. Obviously a high earner could fairly be taxed the same percentage on his higher income. X on y Dollars should mean 2x on 2y, but not 3x on 2y.

[moka]

I Wish that that were true...

If not a Punishment...taxes are used to encourage certain activities (and resulting in deterrence for others)

Ability to be able to pay taxes must be a factor in deciding whether to levy them in the first place.

True, ability to pay must be a factor in levying taxes.

​However the main function of taxes is social investment, or public investment. And tax is the foundation of a civilised and fair society.
The more investment in society, in infrastructure, education, health and other public services the wealthier the society which is of benefit to everyone. You would think capitalists would understand how necessary investment is and therefore be willing to pay their fair share of tax, but it seems that many don’t see it that way.

[moka]

'Ability to pay' does not make for fairness. Should a tin of baked beans cost more if you happen to be very wealth? You and Karl Marx might think so, but not many do.

What Is Fairness? It depends on the situation. Ideologues believe that only their notion of fairness is correct.

1. SAMENESS: There is the fairness where everything is equal. So everyone pays the same price for a theater ticket, whether a child, an adult or a senior citizen. No one has more than another. Everyone eats or no one does, for example. Logically, then, an infant and an adolescent will receive the same amount of food. It doesn’t matter that one needs more than the other. Fairness is finding the average and applying it across the board. This is fairness as equality of outcome.

2. DESERVEDNESS: In this notion of fairness you get what you deserve. If you work hard, you succeed and keep all that you earn. Fairness means keeping what you deserve and deserving nothing if it isn’t earned. The hardest working, most diligent, smartest and most talented should have more because of their attributes; the lazy, indifferent, stupid and inept deserve to have less. Fairness is a rational calculation. This is fairness as individual freedom.

3. NEED: The third idea of fairness is that those who have more to give should give a greater percentage of what they have to help others who are unable to contribute much, if anything at all. Fairness here takes into account the facts that humans have obligations to one another and the more one has the more is demanded of that person to contribute to the common good. Fairness and responsibility are linked. Compassion plays a role in the calculation of fairness. This is fairness as social justice.

https://www.psychologytoday.com/us/b...at-is-fairness