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Technology Stocks : JDS Uniphase (JDSU)
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To: TigerPaw who wrote (23160)11/18/2002 2:59:21 PM
From: ownstock  Read Replies (2) of 24042
 
We are already into deflation to the tune of 10% per year, which is the net of our productivity increase and medical costs increase.

The real truth is the productivity increase is largely due to fewer people working, and not, as John Chambers or GS would have it: IT spending. We are busily proving Marxist economic theory correct. Which is why I think it needs to be very painful to hold onto cash, or to be "too rich".

What we need to do is: eliminate capital gains taxes. In other words, if you put your money in the market, and keep it there, no taxes. But if you take profit, you get taxed at full income rates, unless you re-invest within one year.

I guarantee that would have the market back on its feet very quickly. Then the Dems could get some of their beloved income tax rate back, at least at the higher income levels.

-Own
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