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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (13856)	9/23/2003 2:14:46 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I agree capital gains should be zero but they are not. Dividend paying stocks compete with growth stocks for the same investment capital. If you make it preferable to own dividend paying stocks you are actually draining from the growth pile. A lot of taxes are available to be cut, but really this dividend idea had to be the least bang for the buck of any. Capital gains, payroll taxes, just flat income taxes or aid to states might have delivered something. But not dividends that benefit goes to the people least likely to invest the proceeds.