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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (287559)5/11/2006 10:55:35 AM
From: longnshort  Read Replies (1) of 1571861
 
cutting rates on investment income, as the congress is in the process of doing at the moment, certainly does little for anyone but the very wealthy.

Wrong, as Ross perot said "I've got 4 BILLION earning 3% tax free bonds, why should I invest that money in some business(which will create jobs and more tax payers) and if that business suceeds I have to pay 50% capital gains and if it fails I get zero. The risk reward sukks, so us rich people will just sit on our cash getting a safe tax free return"
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