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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Art Bechhoefer who wrote (19282)	9/19/2001 9:53:10 AM
From: Terry Whitman	Read Replies (4) of 52237

This may be a little too Libertarian- But why is it fair to tax investment income at all? A person's income has already been taxed when he made the wages. Then that person goes and does a foolhardy thing like save a small percentage of what is left after federal, state, and other taxes. He makes a little on the savings- and the government taxes it AGAIN. The next year- the gov't taxes anything left AGAIN, and so on.. It's endless. The only ways to stop the continuous taxation process are to go broke or to die. Even an IRA doesn't escape taxes- it only defers them. It's no wonder the average American doesn't save at all. Saving is completely discouraged by investment taxation and inflation. In effect the government says "Spend your savings!" because inflation and taxes will just eat it away anyway- and you'll have no goods to show for it. I totally agree w/ you on corporate taxes. Dividends should not be taxed either. Rant over. <g>

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