I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
I love the time I spend with you. You make my living worth-while. Why dint I meet you before. I wish I could start my life From the beginning with you because the time I spend with you is never enough. I need you more everyday.
We think about the enormous costs of homelessness, or the enormous cost of HIV/AIDS, over the long term, as people visit emergency rooms, etc. The more we are investing in that ounce of prevention the better off we're going to be.
The soul is "torn apart in a painful condition as long as it prefers the eternal because of its Truth but does not discard the temporal because of familiarity.
I think that we've had an economy that's been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one.