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No, capital gains are "unearned income". Income which magically appears when the investor sits there, does nothing,
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I just don't like "magically appears" as a description. That just continues to vilify the EARNING of money by investing in companies that "magically" build factories and "magically" hire workers who "magically" show up and produce produces that we "magically" buy and the company then re-invests or returns dividends "magically" to the investor that then has to give 15% of this "magic" to the government that "magically" (and in this case) did nothing to get it.
So no, not magic, it is capitalism!
Now Obama saving the American dream by killing the pipeline and creating 5 or six new agencies plus attacking the "Magically" producing small businesses.
That would be Magic!