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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 265.39+4.2%Dec 2 3:59 PM EST
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To: Fred Levine who wrote (4860)1/10/2003 9:15:11 AM
From: willcousa  Read Replies (1) of 25522
 
OT - economics, not politics - What people earn is still primarily a function of supply and demand. You get bigger dividends when your money is most needed and truck drivers get pretty good pay (thinking of the over-the-road guys, I know nothing about the delivery segment) when there is a shortage of them. So those who are motivated by what they earn had better find a vital skill that they can master.

This, IMHO, has nothing to do with the personal worth or character of the person. Personally, I find full time investing to be about as challanging and as much work as anything else I have done in life. On the menial side I spent 15 years carrying out groceries, cutting meat and stocking store shelves. In fact those were quite happy times because after work my time and mind were totally free for other pursuits. In business, the challanges are always there in your head, gnawing away.

The founding fathers built the country based on a system of consumption taxes. Now we have an income tax. You probably know the statistics. A small percentage of the highest taxpayers pay a huge percentage of the tax. A flater tax coupled with less spending would put more money in public hands to be competed for by those businesses that provide to people the goods and services they most demand. Whether a person buys the product or service or loans money to the business or invests in the business, it all helps create a bigger pie for everyone, makes goods more affordable for all.
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