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Strategies & Market Trends : Classic TA Workplace
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To: patron_anejo_por_favor who wrote (50262)8/15/2002 9:34:40 PM
From: UnBelievable  Read Replies (1) of 209892
 
The Oven Isn't Working Maybe If We Heat Up The Thermometer

That will fix everything.

What seems to been overlooked in this whole discussion is the significant income redistribution which these activities cause.

If you ever tried to get a tax bill, or for that matter, any bill, that did what propping up the market through Congress you would not get a single vote.

For example, leave the market alone but give everyone a 50% tax credit for any loss in value of their stock.

While it is true the more people than ever have some stock, while I don't remember the exact statistic, but something like the wealthiest 1% own 80% of the stock.

The problem is everyone want the stock market to go up so they think it is fine that the Fed does what it needs to so that happens. They don't realize that in doing so they are transferring wealth from them to the rich folk.
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