While on the surface, I am not in favor of one presidential candidates proposal for a capital gains tax increase, looking at the positive side of things, it could be actually good for the stock market long-term. After all, this increase would be an incentive for long-term investment, for those adding money. And those contemplating selling might reconsider. Both factors would likely boost stocks, or at the very least keep prices from falling.
The amazing thing about this proposal is that it stemmed from the desire to boost tax revenue in order to pay for healthcare, education and infrastucture spending. But doing so would actually have the reverse effect, since there would be less selling, hence less tax revenue to the government. The ultimate losers would be the government and those investors forced to sell for one reason or another. Click here to visit my website.
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