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Technology Stocks : How high will Microsoft fly?
MSFT 492.06+0.2%3:59 PM EST

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To: michael97123 who wrote (48586)8/21/2000 3:38:10 PM
From: cheryl williamson  Read Replies (2) of 74651
 
re: tax cuts that only benefit the wealthy

That was my point. You have been listening to
Gore & his rhetoric. That's why you believe
that tax cuts "only benefit the wealthy". I
doubt that even Gore believes that nonsense.

Whether the cuts are across-the-board income
tax cuts or capital gains cuts, they benefit
every tax payer both directly and indirectly.

Even Bill Clinton realized that capital gains
relief would encourage investment and benefit
all homeowners and investors. Even the
"school teachers and waitresses" that Gore
opined about and fretted over in his maudlin
acceptance speech invest in funds, equities,
bonds, real estate, and commodities.

If a family of 4 making 35k/year saves $450-500
in taxes (Bush's tax cut proposal) that's money
they have EARNED staying in their pockets. Guess
what??? instead of relying on Al Gore to spend
that money wisely, the actual wage-earner gets
to have that choice. People who make 35k/year
are not wealthy people, yet they do benefit. With
that extra $450-500 of their own do you really
think they'll begrudge the guy paying $175,000+
per year in taxes a savings of $20,000??? I don't
think so.

Al Gore's "class-warfare" is pure populist
rhetoric that stirs up division and fighting among
people with its simple-minded propaganda that
goes back to the depression & FDR-progressives/socialists.
It has no place in 21st century politics.

The phrase "trickle down" is a cynical leftist-progressive
complaint about a basic mistrust of humanity. That
thinking leads to a reliance on the fed to command
and control the US economy: a BIG mistake. There is
no "trickle-down" in our current expanding economy.
In fact, current "zeit-geist" leans much more heavily
to the precise opposite of "trickle-down". It looks
more and more like the average US citizen would like
to concentrate on "moving up" and "getting rich" themselves.
How is Gore's populist rhetoric going to work on them??

BTW: Al Gore's family personally owns $500,000+ worth of Occidental Petroleum stock. Al Gore is screaming about
"big oil raising gasoline prices" and "gouging" the poor unsuspecting consumer and of course associating "oil" with the Texas economy, Bush's family and Dick Cheney of Halliburton. Where is this "friend of the working man"
when the working man desparately needs him???

This is the Occidental Petroleum that is drilling in his beloved Brazilian rainforest and destroying the environment.
Despite this, for some strange reason, this "enviromental activist" hasn't divested any of his "big oil" holdings.

Now let me pose a very simple question. If that isn't
hypocrisy, then what is??? How can anyone trust ANYthing
coming out of Al Gore's mouth???
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