From: Anton Sherwood (dasher@netcom.com)
Date: Wed Sep 24 1997 - 22:39:12 MDT
Max MOre:
: } I wouldn't have a problem with tax incentives to promote wider stock
: } ownership. (That just means taking less away from people who invest.)
Damien Sullivan:
: Those don't already exist? I've heard the left say capital faces lower
: taxes than labor.
That's true in some countries. For a while in USA, I believe,
it was more the opposite. The left may not be taking into account
the multiple points at which capital is taxed: corporate income tax,
personal income tax on dividends, capital gains tax (on increase in
nominal price of stock at sale), death tax.
Time to re-read DREAMS COME DUE.
Anton Sherwood *\\* +1 415 267 0685 *\\* DASher@netcom.com
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