On 19/07/2010 9:14 PM, bpuharic wrote:
On Mon, 19 Jul 2010 19:21:25 -0400, wrote:

bpuharic wrote:
On Sun, 18 Jul 2010 20:24:45 -0600,
wrote:


uh huh. if that's the case what happened to the 14 trillion wall
street lost in equity over the last 3 years?


You are obviously suffering financially yet you still think the Dems are
on your side?


yeah.

when's the last time the GOP proposed a capital gains tax INCREASE?

oh. never.

QED

Capital gains is really a wealth tax.

Say you owned an average company, stable but average in every way.
Worht $1 a share. Pays a constant 4% dividend. Some decades later it
is worth $4 but every you could by for a $1 is now $4, in dollars you
have 4 tiems as much but in buying power you are the same. Thus no real
gain other than the dividend you get.

But wait, government taxes capital gains so when you sell it for $4 and
realize the $3 gain you pay taxes of say $0.70 for a $3.30 left. But it
can't buy the $4 item...so purchasing pwoer is lost.

It is why you seek gains above inflation or it isn't worth owning unless
the divident is fat.
--

Government has liberals, idealists and lawyers, but where is the common
sense?