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A comment on Obama proposes no capital gains tax on qualified small business stock. Parent comment

Re:Obama proposes no capital gains tax on qualified small bu... by Radix on Thursday May 14, 2009 @01:38PM (#609222)
Most of us aren't accredited investors, so we can't buy stock in small companies without starting them, working for them, or being related to the founders.

What is the reasoning behind preventing people from investing into companies? Is it just to keep people from being swindled? It seems off to me.

[ Parent | on HN ]
Re:Obama proposes no capital gains tax on qualified small bu... by anamax on Thursday May 14, 2009 @02:41PM (#609358)
> Is it just to keep people from being swindled?

That's the stated reason. Your guess is as good as mine as to whether it's a real reason or even the only reason.

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