Submitted by smurfyjenkins t3_y9veul in science
Reply to comment by forebill in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins
It’s not an accounting distinction. When you earn salary/wages, the company is expending all of the deductible expenses you would be if you owned the business. You are approaching this like a high school student who took one philosophy class and dropped it halfway through. We are on the science sub. You know that “labor” is not a deductible business expense.
I never said ownership was a higher form of economic participation. Don’t straw man me.
You are using accounting terms trying to argue its not an accounting distinction.
Revenue is revenue. The only difference between corporate revenue and an employees revenue is the column it ends up in in the ledgers, kept by accountants so the taxes can be calculated properly. And that is all a matter of policy, enforced by accountants. It's all accounting.
But the flow of money is exactly the same in terms of economic impact. It still is an exchange.
Terms have definitions. The reason we distinguish is because they are no equivalent. You cannot just say “blah blah nihilism” and pretend you don’t need to make a solid claim for equivalency.
I’ve already explained the differences. Repeating yourself and ignoring those explanations does not help your case.
Your explanations are useless. If I dig a ditch and receive $500.00, or I work 40 hours and receive $500.00 on a W2 there is NO difference. I've done $500.00 of economic activity. How that money is handled on either side of that exchange is all a matter of accounting, and policy.
I'm sorry you are too thick to see that really simple concept.
If you work as an independent contractor and dig a ditch with your own shovel and wheelbarrow, those expenses are deductible on your taxes. If you work for a ditch digging company and use their shovel and wheelbarrow, those expenses are not deductible.
Speaking of digging oneself a hole, I am sorry that you dis that in this discussion and also that you lack the humility to admit when you are wrong. No doubt, that will ensure that you never learn while others surpass your knowledge. I cannot imagine how difficult that must be for your fragile ego.
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