Thursday, 25 June 2009

village idiot

Is this clown serious? an 80% tax rate for 1d capital gains, does he have a clue as to what that would do to a pension fund? or to an insurance fund? has he even heard of the word liquidity? imagine how much of a discount a fund would have to charge an investor to liquidate their portfolio? its worse than pig ignorant. In addition bozo the clown neglects that the asset in which the most speculation occured was in fact primary residences, no prizes for guessing what the capital gains tax on this "long term" investment was? effing ridiculous, its obviously show time at the village idiot fare.

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