Quote:
Originally Posted by LS1-IROC
So the wife and I met with Chuck last night. Was overall a good experience. Anyhow...we started talking about capitol gains and the current rate of 15%. He felt strongly that by this time next year we will be looking at an increase in that rate. Any thoughts about that?
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Yep --- When that happens you'll see two things -- less trading so people will go back to buy and hold -- OR -- the rats leave the ship and buy Muni bonds which will drive the prices up therefore the yields down.
Either way - the government loses.
They -- the 535 idiots that actually run the country - don't understand that 15% of everything is better than 35% of nothing.