RE: taxes

[dhenwood@xxxxxxxxx (Doug Henwood)]

At 11:03 AM 4/1/95, Alan G. Isaac wrote:

>Doug, I don't understand you here. Once we grant the
>desirability of taxing wealth, why should we care whether
>the wealth holder is doing a good job or not of
>maintaining it? Further, current arrangements allow
>taxes to be postponed (even indefinitely and inter-
>generationally) on capital gains. A person selling
>losing stocks out of a large portfolio may in fact
>be making out like a bandit. --Alan G. Isaac

As part of a general wealth tax, sure, tax 'em hard. That'd be a way of
getting at unrealized gains.

Doug

--

Doug Henwood
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