re: #432 cliffster

Yes, there are. And yes, they do, but that doesn’t change the math behind the risk/reward of an individual investment.

Well, yes it does, actually. Because people don’t make investments involving all of their money, all at once. (Or they shouldn’t— those who do are normally going into a small business, and it’s not the same thing.) They balance the risk-reward of a suite of investments.

You can’t really dismiss part of the tax policy— capital losses being deductible— in order to make a point about taxation on capital gains. It doesn’t make any sense.