Delete comment from: Captain Capitalism
FSK said...
Your big error is inflation.
Future inflation isn't factored into current stock prices, because that money hasn't been printed yet.
If there's 30% inflation and the stock market went up 20%, then it actually decreased 10%.
That makes capital gain taxes really evil. You owe tax on a "gain" that only exists due to inflation.
Look at a chart for "S&P 500 divided by gold" over the past 10 years.
The only people who make money off the stock market are CEOs and insiders, selling their paper to unsuspecting fools.
Jun 15, 2012, 4:59:44 AM