Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (55105)	9/20/2001 10:19:58 AM
From: Oeconomicus	Read Replies (1) of 94695

Just heard one of the more absurd (IMO) knee-jerk proposals floating around Washington - to eliminate capital gains taxes on purchases of stocks or mutual funds made after 9/11. Imagine the churning of assets that would occur. I could dump my entire portfolio on the news (my gains and losses roughly offset right now, so the immediate tax consequences would be nil) and buy aggressive funds the same day, effectively eliminating future taxes on my investments. Even if one agrees that gains taxes should be reduced or eliminated, you've got to agree this is idiotic. Sure, it'd turn the market around, but not here. Well below here instead. Don't these guys think? Bob

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