Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (103154)	5/10/2000 10:21:00 AM
From: H James Morris	Respond to of 164684

> It pains me to draw the analogy of the stock market to a casino, but who wants to be stuck in a casino for an entire year? Sam, I've always considered them to be very similar. But that's just my opinion.

To: Sam Citron who wrote (103154)	5/10/2000 10:25:00 AM
From: Robert Rose	Respond to of 164684

<If this still leaves you distressed, the onus is upon you to design a tax code that is more favorable to capital investment and that is both equitable and efficient.> You forgot the <g>, lol! <BTW, I think that in setting prohibitively high rates for ST capital gains, the IRS damages liquidity. It pains me to draw the analogy of the stock market to a casino, but who wants to be stuck in a casino for an entire year? Markets are most efficient if investors can opportunistically move in and move out of investments with no artificial time constraints, but in response to pure market forces. If you tamper too much with this, the invisible hand of the market may become palsied.> I tend to disagree. I think all this ST online trading and resulting volatility is ridiculous. As markets become open 24/7 and accessible globally, the problem will compound exponentially. I'm happy to be outvoted on the loss carryforward question. I will execute my accountant pronto! <g>