Earlier quoted context omitted.
The anti-capitalists have this crazy idea that investment income isn’t “earned” in the same way that labor income is. Of course that’s absurdly anti-capitalist and completely ignores the point of capitalism and the function of risk taking incentivized by potential rewards. Failing to make a coherent argument against active investment income, for instance entrepreneurs, they will then revert to criticism of passive in…
I thought "earned income" was an actual accounting term (to define a type of taxable income as opposed to passive income): https://itap1.for.irs.gov/owda/0/resource/Commentary_Files_R... " Earned income is money received as payment for work, including wages, salaries, bonuses, commissions, tips, and net earnings from self-employment. For tax purposes, it can also include long-term disability payments, union strike be…
That doesn’t change any of my observations as your comments imply unearned income deserves higher taxation than current is applied, which is what I object to.