Private Client Commentary – win fall profits tax – Private Wealth Advisors

Thursday, February 05, 2009

Private Client Commentary – win fall profits tax

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

Dear Clients,

The American Heritage Dictionary defines socialism as; any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
AHD defines capitalism as; An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

I swear I have to stop watching the news during the political season

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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