Hungary Internet tax cancelled after mass protests

Re:Hungary Internet tax cancelled after mass protests by dragonwriter on Friday October 31, 2014 @06:57PM (#8541506)

> Taxing capital gains reduces the amount that can be allocated into generating new wealth

So does taxing any other form of income. Preferentially low taxes on capital gains favors wealth accumulation by people who already derive income from capital and, at any given present revenue level, relatively disfavors wealth accumulation by people who derive income through means which are more heavily taxed, notably labor income.

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Re:Hungary Internet tax cancelled after mass protests by jp555 on Friday October 31, 2014 @07:14PM (#8541562)

I didn't mean to suggest only capital taxes incure opportunity cost, you're right that all taxes do. I have been thinking lately as well that we have probably shifted to taxing labour too heavily, but as it is really complicated, Im sure there's a lot that I don't know that I don't know.

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