"Capt. JG" said:
It's got to be both in some respects. How can one have wealth and not derive
income from it.


Easily.
Or some would say, stupidly.

In any event, since the repeal of the intangible property
tax, there has been no Federal taxation of wealth itself (in
it's tremendously myriad forms) for a long time.


Dave wrote:
I'm not going to even try to sort out the muddled thinking reflected in that
post.

Why is it always "muddled thinking" when somebody disagrees
with you?

DSK