Will this sell off help tax receipts or hurt? Some of the people dumping right now are going to have to pay capital gains on their profits. But looks like a lot more wealth is being lost, 4% yesterday and how bad for the week?
Thomas Sowell: There are no solutions, just trade-offs.
If stocks have dropped there aren't profits so no capital gains. I wouldn't buy funds. I don't trust fund managers. I research and pick my own stocks. Even if the price on a good stock drops the stock itself is secure and will recover.
WayneH wrote: I blame it all on special interests able to give bucketloads of money to lawmakers. Why listen to your constituency when you're bought and paid for by lobbyists.
That is the single best argument against having a national government, isn't it Wayne. One entity in charge of all governing inevitably becomes corrupt and despotic, something the writers of the Constitution knew and understood. Is it any wonder as we take more and more steps towards the DC government becoming a national government instead of a federal one that it becomes more corrupt with every step taken in that direction? It's not a coincidence Wayne, it happens every time.
chickaree wrote: If stocks have dropped there aren't profits so no capital gains. I wouldn't buy funds. I don't trust fund managers. I research and pick my own stocks. Even if the price on a good stock drops the stock itself is secure and will recover.
All depends on when you bought into the stock on if you have capital gains.
The market has risen much faster in the last 18 months than I think it should have, so some people are making paper profits, like Apple shareholders.
Thomas Sowell: There are no solutions, just trade-offs.
