Wednesday 22 April 2009

Rehab's for quitters

Bought: one June US T-Bond at 125-01.

1 comments:

AntiCitizenOne said...

What would you prefer...
Earning one per cent interest on your savings tax-free
Earning five per cent interest on your savings, subject to basic rate tax

Why I chose the 1% option.

1% might be the right level of interest rates (not at the moment but that's a different story) plus I think there should be no tax on interest, the government didn't earn the initial capital and it didn't earn the interest either so morally I'd prefer a smaller but more moral amount.

WV: wasts