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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Victor Lazlo who wrote (157492)	5/29/2003 6:26:42 PM
From: Lizzie Tudor	Read Replies (2) of 164684

the problem with dividend tax cuts, is there isn't any reason for doing them except to help the rich. There aren't many tax cuts like dividend tax cuts, its almost the most useless tax cut one can think of as far as the stimulative effect. Stocks that pay dividends are those that are favored by investors looking for safety and diversification. So that excludes the young working folks who we know prefer growth. You end up helping the rich (diversification) or the elderly (safety) - the two most affluent economic groups, and (more importantly) the 2 groups LEAST LIKELY to plow any of their gains back into the economy. Additionally, there is the net drag of rich people taking money out of growth stocks (the sector that actually does provide decent job growth for the working folks) and moving their $$ to the slow growing div companies who simply return the cash to the rich people. I think the Bush administration gets their fiscal cues from Kudlow and Cramer, the 2 that originally hatched this div tax cut idea.

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