[quote=CA renter]Should an autoworker who produces something that benefits society expect to earn more than a trader who sits at a terminal and trades all day?[/quote]
I actually agree CA renter. Not a big fan of day trading.
Now, not every day trader is “wealthy” (probably most aren’t eh), and I don’t think they are what electric/Michael Moore mean by the “investor class”, but they certainly benefit from the changes in capital gains laws too. Also granny and her little investment club. Should we penalize granny for her one last remaining pleasure in life?
I agree the day trader doesn’t appear to help society as much as the auto worker, but sheesh, should we also try to address the inequity in salary between baseball players and elementary school teachers? Where would it end?
