Many have socked away money in mutual funds or burgeoning 401(k) plans, reinvested dividends and capital-gains distributions, and piled up huge profits--so far mostly on paper.

CNN: Death And Lower Taxes

Come to think of it, the same thing happened in 2000 when a flood of investors borrowed on their tech stock paper profits, only to see their portfolios melt when the tech bubble burst.

FORBES: Urgent: Investors Must Avoid Margin Ditch

They told us that SCF was based not on forbidden interest and speculative paper assets, but profits through equity participation and sound investing in real assets.

CENTERFORSECURITYPOLICY: The double-edged sword

Today's Scottish government discussion paper on a separate Scottish corporation tax regime reminds us the UK rate was at 52% of profits in the 1970s, before a downward trend to the current rate of 26%, and further cuts to 23% planned by 2014.

BBC: Taxing times for Scottish business