re: Another beef rancher says goodbye

quote:

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I know several cattle farmers and they’re servicing crippling debt with inflated dollars right now

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FIFY for anyone who didn't inherit their operation, or even those who did and were proactive and wished to build upon what they were given.

Of course, they're also paying an extra 15.3% self employment tax on top of their normal tax rate (which they only get to deduct half of as an expense since they are both employee and employer).

Makes no sense. You tax what you want less of. Right now, that's hardworking people earning a living self-employed. They want you working for the big corporations. They want you blindly contributing to 401k plans that prop up the market. They want you to provide capital by fixing the rates you pay in taxes on capital gains, and making them progressive on how much you earn through skill and risk.

Labor and effort are not valued in America at the same level as capital. That's likely because the laws are created by the ones with their fingers in the pot.

We need to incentivize self employment and entrepreneurs/innovators, not penalize them.