There is no difference between a builder building a $80K house & a business buying 80K in inventory.<quoted text>
You said all that yet stated nothing that disputes my point:
Where a capital gain can be documented — when a builder spends ten years creating a housing development, for example — then whatever that builder earns in the tenth year is a capital gain, not ordinary income. There is no guarantee in advance that the builder will ever recover his expenses, much less make a profit.
Most liberals couldn't balance thier checkbook much less understand finance beyond 3 decimal points.
A know of no builder that will build an entire development without a single item being sold.