Quote:
Originally posted by Hank Chinaski
Capital gains tend to be for stock market profits right? I now the Dems live in a pretty world where everything is easy for people with money, but you will at least admit there is some risk to the market, won't you? There is a reward which is the profit. The more the Gov't takes of the profit, the less the incentive to take the risk. Wonk, I like you, but the next time you say mean things we combat.
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You guys are always talking about how great markets are. Think of the capital gains tax as the best way for the government to invest in the stock market. If the underlying investment doesn't pay out, the government loses nothing, and you pay nothing. If you lose your shirt, you lose exactly as much as you would have if there were zero CGT.
You can't have a casino without a house edge. I think you'd want the government to have a piece of the action. But instead you're saying that too high a house edge means you won't gamble. We all know this is wrong. You're addicted, and all the other casinos are run by the mob and they tend to take the "winners" into the alley to kick the crap out of them.
See Russia.
