Create Account



The Jungle is self-supported by showing advertisements via Google Adsense.
Please consider disabling your advertisement-blocking plugin on the Jungle to help support the site and let us grow!
We also show significantly less advertisements to registered users, so create your account to benefit from this!
Questions or concerns about this ad? Take a screenshot and comment in the thread. We do value your feedback.
Biden's capital gains tax proposal could crush the economy

#34

(04-29-2024, 09:52 AM)mikesez Wrote:
(04-29-2024, 09:17 AM)Sneakers Wrote: An at-will employee in the private sector is always at risk of termination with little or no notice, however, that's a completely different level of risk.  Anyone terminated can seek other employment immediately and unemployment benefits are also potentially available to help ease the temporary loss of income. 

You're stereotyping "investors", assuming they're all rich and working with "extra" capital.  They're not all Warren Buffet and some are heavily leveraged.  

When you work an hour, you know you're getting paid the contracted price for that hour.  When you buy a share of stock, you can only speculate on its value the next day (or hour) and factors that can drastically alter the equation are completely out of your control.  New York Community Bank and Spirit Airlines are two excellent ongoing examples.  
Residential property has been a great market over the last several years, but let's not forget what happened in 2008.  Meanwhile office properties are currently tanking all across the country.  Real estate carries its own dangers, not the least of which is interest rates which are controlled by the Federal Reserve. 

You can debate what the tax rate should be, but let's be realistic about the relative risk factors inherent in different types of income.

Put it in the same time frame.  An investor has risk because they can't be sure what their asset's value will be next year.  An at will employee is at risk because they can't be sure if their skills, strength, and mindset will still be marketable to employers next year.  You want to focus on the day to day for a wage earner and the long term for the investor but that's artificial in my opinion.

It doesn't matter if the investment is long term or short term, the risks associated with at-will employment are not at all the same.  Stock prices are far more volatile than employment statistics.  Tesla jumped 15% today, while AMC dropped 11%.  How many company workforces fluctuated so drastically?
When you get into the endzone, act like you've been there before.
Reply


Messages In This Thread
RE: Biden's capital gains tax proposal could crush the economy - by Sneakers - 04-29-2024, 11:03 PM
copycat - by copycat - 04-27-2024, 08:09 PM
RE: copycat - by mikesez - 04-27-2024, 10:05 PM



Users browsing this thread:

The Jungle is self-supported by showing advertisements via Google Adsense.
Please consider disabling your advertisement-blocking plugin on the Jungle to help support the site and let us grow!
We also show less advertisements to registered users, so create your account to benefit from this!
Questions or concerns about this ad? Take a screenshot and comment in the thread. We do value your feedback.


ABOUT US
The Jungle Forums is the Jaguars' biggest fan message board. Talking about the Jags since 2006, the Jungle was the team-endorsed home of all things Jaguars.

Since 2017, the Jungle is now independent of the team but still run by the same crew. We are here to support and discuss all things Jaguars and all things Duval!