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Re: Clo 

By: DGpeddler in POPE | Recommend this post (1)
Thu, 20 Oct 11 4:52 AM | 25 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 45413 of 65535
(This msg. is a reply to 45405 by clo)
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clo, I have over 50k in my checking account because I will not tie it up for such a small amount of interest. Raise the cap gains tax to 50% and I will sell my stock and see about investing my money overseas.


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Re: Clo
By: clo in POPE
Thu, 20 Oct 11 2:55 AM 		Msg. 45405 of 65535

ribit,

"...if cap gains were that high, no one would invest in anything."

Not true, think about it, how low is the interest we are 'earning' on our savings accts, its like warm spit.
Look at the low returns on bonds.
Yet folks continue to put money in their savings accounts & folks invest in bonds.

Even at a 50% tax, the capital gains returns are higher then the savings accts & bonds.

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