re: #304 TampaKnight

re: capital gains taxes. I view long term profit absolutely as earned income, as you’re tying up your personal capital, taking ownership in a company, and also assuming large amounts of risk by doing so.

Investment should be encouraged, for everyone, by keeping taxation rates low enough to allow people to see real returns whenever they do sell stock years down the road.

However, for day traders who can amass massive wealth in less than a year, I view that differently.

Hedge fund managers aren’t risking *any* of their own money — but they get to declare their commission as capital gains and be taxed at the lower rate. The only thing they’re risking is they’ll be embarassed if they make stupid calls that go badly.