Moufassa's Lair Message Board

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Strategies & Market Trends : Moufassa's Lair

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To: moufassa7 who wrote (11345)	1/8/2003 6:10:27 PM
From: Joe Smith	Read Replies (2) of 13660

So should Larry Ellison. Imagine what a tax break he gets with a .20 dividend. I just don't see this as anything but a transfer of wealth, plain and simple. They are selling it as something else. Who benefits? Those who hold dividend-paying stocks in tax-advantaged accounts. Who loses? Everyone else... What about the retirees who follow the sage advice to stay in fixed income? What happens to their holdings when bonds plummet because of the new competition from dividend paying stocks? This is all about giving a gift to those who have a lot of money to give for election campaigns IMHO. This does nothing for the average Joe who is mostly invested in tax-advantaged accounts.

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