Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Win-Lose-Draw who wrote (161198)	4/21/2002 10:27:18 AM
From: Ahda	Read Replies (2) of 436258

i think it is going to be difficult to dig anything accurate up as our tax code favors investment. Most who have adequate cash flow are finding ways to off set the actual amount or distribute it so it is not showing up as gains. The difficulty here is that you must have a continued growth cycle. If you look at this as assets tied into real-estate and the deductibles of interest and capital gains the more extensive the use of tax reduction of income the greater the risk these measures carry in a down turn. It amounts to those that are actually saving dollars in form of a savings account are penalized as the resulting interest is taxable. Our tax laws favor investment yet our labor rate has found itself unable to compete with external labor rates. Our banks are globally trotting and in doing so if they act as the telecommunications industry did they will prove to be a mighty foe for exterior sources as well as the competition they have in themselves. We think in terms of, debt is good ,debt is deductible and debt is future growth. These very terms are more part of our lives than they ever have been. We top this off with bankruptcy laws so, that on your ninetieth birthday you do not have to apply for a pick and shovel position of building a ditch. VBG I feel we in CA at least live on the premise of overextended with the aid of laws that bless those for being over extensions of income. Our singular purpose appears to be to create debt then extend said debt so the servicing of said debt can keep the nation on its boom course. Cash flow on one end is cash shrinkage on the other called real savings.

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