Reply #24: So your saying

[Taeger]

So your saying that if Capital Gains taxes are high, investors will switch from risky investments to safe investments like bonds.

Well buying stock IS NOT an investment in the economy. It's a personal investment. Only IPOs and new stock allotments represent REAL investments. Everything else is just churn. It adds NOTHING to the economy. It's Monte Carlo on steroids.

On the other hand, Bonds ALWAYS represent an investment. And jeez, munies are even tax free.

So your doomesday scenario is to cut off speculation at the knees and divert capital into munies and bonds???? Oh fucking no. That will be the end of the world for stock brokers (whose sole job is to sell transactions).

You live in a world of lies. You believe them because they support your own ego.