While he was off on his 1978 tour,
Americans were becoming disgusted with their lot as all "emerging second-class
nation", Wilson says. They began to see that incentives had to be restored to
the economy. For instance, the capital gains tax was cut, an extraordinary
turn-about. If it had been predicted before he went away in May, he would have
said it was simply inconceivable as inconceivable as the prospect of Resorts
going up 1,000 percent. This momentous transformation in the
U.S. should soon bring about a huge bull market. In the 1940s
and 19S0s, the last time price earning multiples were at these low levels, the
investing public expected that there would be another great postwar depression.
Instead, after the beginning of 1953 it became apparent that there would not be
one, and price-earnings multiples got so low this time that investors felt that
the country was drifting into socialism. That drift, however, may be reversing
direction. Wilson believes that the bankruptcy of New York City
means the discrediting of big government, that as a result there will be less
government, and that things in general will go much better. From 1980's
depressed levels the market could rise to twenty times doubled earnings or
almost fivefold in five to seven years. Wilson believes that he'll be worth
hundreds of millions of dollars before it's over.
单选题
From paragraph 1, we can infer that Resorts is ______.
A. a company that involves many capital gains
B. a company that has little hope of rapid growth
C. a company that benefited from capital gains tax