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've just helped make my point for me, Hank. The reward for investment is the return. You invest in stocks and you make a return, in the form of dividends or capitaal gains. You save, or buy bonds, you get a reward in the form of interest, or, less frequently, capital gains if interest rates rise enough on the bonds.
Any way you look at it, you've made money, just like the schlub who works the loading dock at Sears. Why sould he be taxed more highly than the investor? This concept makes perfect sense to Warren Buffet and he makes more money invesgting than most people in the US.
If you really want to increase savings and investment, lower the taxes for the guy on the loading dock so that he actually
has money to save or invest. Warren will continue to do so no matter what the tax is on him.
