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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: Terry Whitman who wrote (15848)1/20/2003 1:42:38 PM
From: mishedlo  Read Replies (1) of 19219
 
It lowers the tax rates for all. What's so darn wrong with the taxpayer deciding where to spend his money rather than the government?? You'd have to be a socialist to want the goverment to decide where all your income goes, rather than yourself.

I am in favor of less taxes.
I would prefer a flat tax and an elimination of capital gains taxes. Both would have more merit that what was accomplished with dividends. Dividend double taxation may be wrong, but my problem is that it does not stimulate anything. The bulk of the $ going to IRAa or extremely wealthy. It also takes money from states forcing them to offer better Municipal bond interest rates.

Whatever affect this had on the stock market is probably priced in and then some. Plenty of companies with dividends are likely GTZ (S GM F for starters) and there are plenty more.

Bush simply has no clues IMO, and is grasping that things that MIGHT work, rather than trying to figure out what would work. We should have taken our lumps years. Instead we injected 14 interest rate cuts none of which did any good, and ebcouraged people to go deepere and deeper in debt.

Quite possibly the only way to get rid of all this debt is out and out depression and massive writeoffs of debt.

M
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