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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (665855)	12/22/2004 1:16:15 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

"BTW - People who trade stock do not qualify for the capital gains exclusion. Only investors qualify." I know. 1 year + 1 day. "Taxing capital formation is the surest way to stop any economic growth." Aren't ALL forms of income potentially involved in 'capital formation'? 1) Joe Blow works at Walmart. His paychecks get deposited at the bank. The bank leverages the $$$ in capital markets. 2) Whatever Joe Blow doesn't deposit, he spends. What he spends at retail then gets deposited/retained/re-invested. The government has no business carving out narrow tax breaks for special sectors / favored investors....