why 2450? Mr. T/A dude, any special signifigance to that level?
If I have to explain that to you, Mr. D/A dude...., then I guess you don't understand why we just happened to close 3 points above the previous lows, and the level we were at last November...
Suffice it to say that it's only relevant is enough people are looking at the same data that I am and timing their buy/sell decision according to that datum.
I guess if everyone had their tax cut, then we could all buy more CSCO and INTC.
Actually, I wouldn't care what they buy, whether it be CSCO or SYY... The key would be that THEY are making the decision as to what to do with that money and not the Federal government.
I read something the other day where a writer quoted Sir Maynard Keynes, the architect of Keynesian economics stimulus theory, where he felt that no government should every take more than 25% of a taxpayer's money.
The system we have now still makes Bush's proposal to limit the top rate to 33% seem the idea of some tax and spend liberal. It just goes to show you how far we've gone over the past 50 years to increasing the size and intrusiveness of government.
Giving some of that back will enable individuals to invest it and grow its value, as opposed to the government deciding how to spend it. And it would also contain the growth of government and maybe provide the tax revenue 20 years from now that will be required to fund social security benefits.
they will be helpless to push through anything significant with a Congress
If Gore wins, I would agree, with the additional caveat that the Republicans will be too busy investigating him for his secret 1994 pact with Chernomyrdin, for either party to accomplish much. If Bush wins, we stand a chance at forming a decent bi-partisan approach to solving problems. (knock on wood). |
