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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (21054)	7/25/1999 8:48:00 AM
From: HairBall	Read Replies (4) \| Respond to of 99985

Berney and All: Well, I agree there really is no surplus. I have always felt that way. But the last thing we need is for the government to start spending it. They always spend about 150% of any tax increase and Clinton has already proposed to spend increases that are about 150% of the supposed surplus. Then with what is left over <gggg> he says government can pay off the national debt. The last time in history any thing like that was accomplished was a section in the new testament of the Bible, where Jesus fed the multitudes with a single basket of fish and bread. Clinton ain't no Jesus.... I am a life time member of the RNC because I believe it is the lessor of the two evils. Actually if I thought they would ever have a chance, I would go back to supporting the Libertarians. This is my last entry on the subject, as I get tired of Republican bashing. This country managed about 150 years without a payroll tax and we have the Democrats to thank for having one for the last fifty plus years. With the few give away programs first started in the 30's and then dramatically increased by Johnson's "Great Society" program in the sixties, the end result is the country has as many if not more poor than it ever has. And the African American family unit faired better during the slavery days in this country, than it has since welfare. Both of the main parties are guilty and both bare responsibility. Government has become too big and too intrusive. It is time to cut it WAY back. Now, if anyone wants to continue this discussion and feels compelled to reply to my post, please start a new thread and I will be happy to answer any replies there. Just post a link to your reply to me here and I shall respond on the new thread. Please, allow this thread go back to Market Direction Analysis today....TIA. Regards, LG

To: Berney who wrote (21054)	7/25/1999 9:16:00 AM
From: Giordano Bruno	Respond to of 99985

* OT * The only logical answer is to tax consumption with a national sales tax. You spend it, it's taxed; you save it, great. In this manner, corporations and individuals, rich and poor are put on an equal footing. Wonderful idea. Are there now, or have there ever been, U.S. political parties supporting a similar platform? And as a CPA, what taxable percentage would you envision for such a plan? Aside from smokes and booze of course. Jim

To: Berney who wrote (21054)	7/25/1999 9:43:00 AM
From: Les H	Respond to of 99985

I will be the first to rejoice in the elimination of my profession as it adds absolutely no value to society. We are a consumption based economy. The only logical answer is to tax consumption with a national sales tax. You spend it, it's taxed; you save it, great. In this manner, corporations and individuals, rich and poor are put on an equal footing. However, contrary to the prevailing mood, there is a catch. You cannot take it with you and there is a reason that hearses don't have luggage racks. The estate tax (without all the holes) is of paramount importance to ensure that the concentration of wealth does not get out of hand. One could replace the estate tax with a lottery system. That way we could combine the obituary page and the lottery results in the newspaper. OT *** According to my data, I have both the 27-day AD and the AD Line for the NYSE breaking the recent lows which was a triple- or quad-bottom as with July 1998. (I'm using Yahoo!'s nightly numbers)