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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: CrashDavis who wrote (1119)5/1/2014 11:20:22 AM
From: Kirk ©1 Recommendation

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Cogito Ergo Sum

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I think if you were to ask those who backed what was done, they would claim we would be in a depression if they didn't take the action.

Personally I think they got some things right (closing a lot of loopholes that allowed the super rich to pay lower tax rate than working class) but fall far short by treating job creating businesses as a fat host for their taxing parasites to suck dry to fund programs that get them reelected rather than driving corp taxes to near zero to attract capital and jobs to the US.

BTW, I hear so many fools on TV talk about companies "doing the wrong thing with their cash" when they were last given tax amnesty to bring it back to the US. W(ho)TF are these Bozos to decide what the right or wrong thing a company in business to make money for its investors should do with their profits? Buying back stock or paying dividends HELPS EVERYONE!

Higher stock prices and dividends benefit all the public agencies paying pensions because they are invested in the stock market. It helps states like CA a ton because we tax the wealthy at 12.3% be it dividends, capital gains or salary so we get a nice chunk of all this repatriated cash. The Federal government taxes it also... What sort of idiot says otherwise?
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