[FoRK] Private equity, venture capital, entrepreneurs, and tax policy

[Jeff Bone]

On May 6, 2008, at 12:30 PM, geege schuman wrote:
> On Tue, May 6, 2008 at 11:17 AM, Jeff Bone <jbone at place.org> wrote:
>
> <That's what the long-term cap gains rate is *for* --- to encourage
> long-term investment and reward the greater degree of risk  
> associated with
> it.>
>
> Long term is MORE risky?  We reward RISK?

Yes, and yes of course we do.  (Or rather, we (i.e., our tax policy)  
reward risk-taking.  As any sane tax policy should.)

jb