From: "Tony Ingenoso" 

I'd guess to keep the market from collapsing.  Put a punitive enough tax on
capital gains and income and people will simply stop investing in anything
domestic and take the money offshore.  The brits had a bad time with this
some time ago with all sorts of higher income people fleeing to france and
other places.

"James Adams"  wrote in message
news:3EBB9D53.56BBBE90{at}compuserve.com...
> > Stock income is unearned according to the taxman.
>
> Then why are capital gains taxed at a lower rate than wages?

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