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[sgtclub]

Originally posted by Greedy,Greedy,Greedy
You're not answering my question.

As to yours, I view the math as about as meaningful as the folks who calculate the odds of who will win the next Presidential election.

All I am suggesting is that when someone starts a company, any company, and puts nominal cash in, even no cash, and then builds up a business over a long period of time, that business is a capital asset. Whether they take a bank loan or do an equity financing to get more capital doesn't change the fact that the business is a capital asset as a whole. (note that this is different than the points assuming we have a partnership with flow-through taxation - this argument is on your turf and looking at the partnership as an entity).

The fact that someone has built up many companies before and are quite good at it, doesn't change that fact.

Damn, for once GGG sounds rational. Maybe it's just in comparison to Wonk.