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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (3337)	10/31/2001 3:00:11 PM
From: Mark Adams	Respond to of 24758

? There is no tax on wealth whether wealth is $0 or $100 billion. No tax on wealth in the US, today. There is a wealth tax in the Netherlands, and possibly other countries. There could be a tax on wealth in the future... <g> Does that get your blood flowing? >>But I can't see this extended to reducing capital gains taxes to zero. A little punishment is better than no punishment at all? You seem to see taxes as punishment, whereas I see some taxes as a responsibility. But I can relate. They are only punishing when they exceed <blank>, with blank likely differing depending on the individual. What I don't see is a substantial difference in building networth through investment of one's time and physical effort and the investment of one's savings. From a 'punishment' point of view, taxes act as a disincentive to both types of effort.