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Politics : PRESIDENT GEORGE W. BUSH
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To: George Coyne who wrote (484774)10/31/2003 7:53:22 PM
From: TigerPaw  Read Replies (2) of 769670
 
It is valid to point out that just because some seniors have a characteristic, such as owning some dividend bearing stock, that it does not apply to all of them.

Even if all seniors owned dividend bearing stocks, the dividend payment would be distributed far beyond the ranks of the seniors. What percentage of dividend payments do you think senior, who are not already millionares, get? 5% 2% some fraction of 1%? To top it off, it is the taxes on dividends that are under discussion and that is just a mite on a flea of the dog, a very small part of the dividend payout.

In return, the government gives up a lot of revenue which could go to social security, and virtually all of that funding would come directly out of senior's pockets.

TP
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