Quote:
Originally Posted by arock10
Can someone explain to me why making money with money should be taxed less then making money with actual labor. I've been making money with money most of my life and can't seem to understand how profit is different then profit
Also lots of clueless people on how real estate works in this thread. 1031 exchange and cash out refi. If you do flips then who cares that's just short term money so just cost of doing biz
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â??The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of an modes of getting wealth this is the most unnatural.â?
Aristotle, Politics, Book One, Part X,