PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Johannes Pilch who wrote (340140)	1/8/2003 12:06:47 PM
From: steve dietrich	Read Replies (1) of 769670

True lower income people might initially pay down debt, but then they would likely feel free to incur new debt. Just how much wealthier do you think a person will feel if their stock market holdings recover a meager 10%? After having lost 50 to 60% over the past two years. I heard the editor of Nations, some publication I'm not familiar with, state last night that 85% of the stock and bond market is owned by the top 10% on the income bracket. It is those people this tax cut is directed at. Can anyone dispute the above referenced statement?

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