Quote:
Originally Posted by jyl
Regardless of semantics, the tax treatment means there is more economic incentive to make money via buying/selling financial investments than through working or through investing in and operating a business.
I'm all for it, personally. Given I work in the financial industry, I think it is good and right for the stock and bond markets to be hitting new highs while ordinary workers are suffering through one of the hardest periods in decades. Ugh :-(
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Forgive me if I'm wrong, but don't lots of those ordinary workers have 401k or pension funds that are invested in stocks and bond funds etc?
I mean, the ones who don't blow their entire paycheck on 40 ouncers and dime bags of course.