Re:We should tax stock market speculation?? (Score 2)

Let's see here: who's taking the bigger risk-- someone who provides economically for their family via wages paid to them by one employer, or someone with speculates with a diversified portfolio? The average worker takes a far greater risk on the success of the company. And speaking of ignorance of basic economics, it's important to realize that over the past ten years companies have retired more stock than they have sold. The stock market today provides no practical basis for capital investment for businesses. To put it bluntly, the stock market's a Ponzi scheme. It serves no useful purpose other than to make the 5% of stockholders who own 90% of the stock richer.