Friday, July 24, 2009

Investing and Trading are NOT the Same Thing

Investing is buying shares in a company for the purpose of sharing in that company's profits. Trading is looking to profit from the exchange of shares. This article identifies exactly why we need a very high tax on capital gains on short term holdings of stocks and other investments. And any loopholes that let the traders either avoid those taxes, or pass them on to mutual fund shareholders need to be closed.

Why the hell did I foot the bill for these guys to be able to go back to doing the same thing they did before that collapsed the financial markets a year ago? Talk about enabling someone's gambling addiction!!!!!!

1 Comments:

Blogger Kurt said...

we foot the bill for these guys because most of us have no idea how the system works or is DESIGNED to prevent us from really making money.
Check out Conspiracy Of The Rich: The 8 New Rules Of Money for insight.

2:43 PM  

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