PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (456404)	9/10/2003 5:20:59 PM
From: k.ramesh	Read Replies (2) of 769670

From the economist: Sorry no link I read the hard copy. the bottom 20% of US population has -ve net worth. 20% own almost all stock market assets. Are we looking at bigger transfer payments as the 20% increases? So the US as investor class of the world is n't quite true, may the Investor class of the world and their security guards, manicurists, personal shoppers,nannies etc. Unless you say WEALTH tax maybe... On a different note, also from the economist, India employment in the IT and related sector is around 600-700K the biggest growth in the last 2 years has been in IT enabled services aka call centers - 250K jobs. the other 2 are programming type at 250K which has remained static, and IT sector that is foreign owned at around 200K ie the likes of Oracle Microsoft etc in Bangalore. The discussion on individual tax rate vs corporate tax rate advanced by some ignores the relative multiplier effect of a middle class job, that results in Pension funds not going broke, SS, downstream consumption that generates more jobs for nursers,hairdressers etc.

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