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

To: bentway who wrote (13892)	9/24/2003 12:46:16 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<I don't see why MONEY that earns money shouldn't be taxed more than the life I trade for money - no life is traded for the money earned by capital! >> Interesting comment, but your point of view is often met with resistance. First of all, how much MORE life could you live (and how much more money could you spend on pure pleasure) if you didn't risk some of it in the capital markets? You are being paid by the market to take risk.....somebody has to take this risk or the capital market and entities you invest in would collapse, wouldn't they? You should be able to keep the money you earn this way, shouldn't you? Also, it really irks some people (myself included) that the IRS calls capital gains "unearned income." Excuse me, but I did earn that income...by risking it and lending it to others who presumably will earn something for themselves--and pay taxes on it-- by using my money.