Comment · Wed, December 5, 2012

President Obama on why he's standing his ground on tax hikes for the wealthiest 2%: "It’s not me being stubborn; it’s not me being partisan. It’s just a matter of math."

What they were answering

embs · 3 points

Why the hell would should someone be reimbursed for bad investments?

It's a TAX.

u/MisterYouAreSoDumb

His point was that the government wants to take a large percentage of the potential profits, without any risk in the investment. But that is kind of irrelevant, since a loss is tax deductible on his other income. So the government does take a loss as well.

Other MYASD lines in this thread

Comment · Wed, December 5, 2012 · 2 pts
Because he is looking at it in isolation. If this was your only transaction in a year, and it was a risky investment, then taking the same tax as regular income does not make sense. It would discourage the person from ta

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