Dividends

[Wojtek Sokolowski]

Daniel:
> 
> Double taxation of dividends is a subsidy to gearing.  
> Gearing causes financial fragility, which increases the 
> volatility of output, the burden of which volatility falls 
> disproportionately upon the poor.  

Could you explain the term "gearing" ?  Could you also explain the exact
mechanism whereby a double tax imposed on income derived from property
ownership poses a burden to those who are selling their labor?  In my
materialistic mind, in the world of two containters A and B, if you take
a quantity from  container A that quantity must end up in container B
(less friction or "transaction costs"), no?

Wojtek