A supplementary set of detailed tables on capital gains exclusions from the national income and product accounts also would be a useful addition to our overall system of economic accounts.
*** This morning I have not endeavored to discuss the effects of capital gains, other than peripherally, on investment in plant and equipment, home improvement, tax revenues, and government surpluses, and their obvious significance in tracking international economic flows. Clearly, these also are relevant to any evaluation of macroeconomic events and warrant further study. *** In closing, accounting systems are not ends in themselves.