11 August 2011

A Good Havana

I guess it was Freud who said (or so the folklore says):  "Sometimes a cigar is just a cigar".  Freud smoked them by the boxful and they killed him.

Mark Cuban, on the other hand, hasn't killed anybody (that I know about).  He has, however, been quoted, thus: "Wall Street has nothing to do with creating capital for businesses, its original goal."

He doesn't quite get to the main point:  stock buying and selling is utterly non-productive.  But that's really what he means.  Further, since the activity is no more productive than betting on horses at the OTB, tax the income the same way as other gambling winnings.  Sauce for the goose, sauce for the gander.  It is gratifying to read that someone else gets it.

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