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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (71300)	1/6/2000 8:31:00 PM
From: Neocon	Read Replies (2) \| Respond to of 108807

To discourage optioning and encourage long term investment.....

To: Lizzie Tudor who wrote (71300)	1/7/2000 12:10:00 AM
From: Michael M	Read Replies (1) \| Respond to of 108807

Hi Liz! Re stock options -- I pay full fare on any options profits I'm lucky enough to book. Why shouldn't you? I have a bit of heartburn re the kind of options you speak of. I see a lot of Company X with, say 1,000,000 shares outstanding, but, maybe 2,000,000 shares authorized. They say they need those extra dilutive shares to attract top talent with the options (ususally granted at some ridiculous price). Even if the company goes to hell and the quote drops by half, the options beneficiaries can exercise from an even lower basis and get rich. SCAM-O-RAMA, babe! Major "Funny Money". As for social security -- I never thought of it as something I'd last long enough to get a dime from. If I do, good for me. I want every dime. You may be paying more than I did at your age, but my "then" dollar was worth more than your "now dollar". If I had put all those measly dollars into something as lame as a decent "whole life" policy, I'd be pleased with the result. Lizzie, regardless of what you or I pay or what you or I may get, there is no social security money. Show me the bank account with the social security money in it. Let's meet over there and count it. HA! Our government steals it and buys votes with it. It really is a very bogus "pension plan". Social security has become grotesque. I wish the federal government would at least be honest enough to roll their two major tax systems into one. Most people have no idea how much of their dollar goes to taxes (don't forget state, city, sales, bonds, impact fees, use fees, license fees, property taxes, gas tax, phone tax, etc.). For you or anyone else who may argue that I insist on being a burden to my kids, I say tough. I changed their diapers and if they don't want to change mine, they will have to pay someone else to do it (lest you think I'm being flip, I changed my dad's the last year of his life). I have a sense that you really are a very decent person, Liz, but I don't think you "get it." BTW, I don't think Beemers are evil -- had one myself, once. Mike

To: Lizzie Tudor who wrote (71300)	1/7/2000 10:01:00 AM
From: Bill	Read Replies (1) \| Respond to of 108807

You are right about options. The rules for non-qualified options are clearly oppressive to the holder as they are taxed as ordinary income on exercise, whether the holder sells the stock or not. This is an investment disincentive as it creates unnecessary trading of the stock to cover the high taxes generated on exercise. (ESOPs are treated differently.) As I understand it, this treatment has nothing to do with the elderly, and everything to do with class warfare politics being waged by the likes of socialists in congress and the President. Gephardt, Bonior and crowd bitched loudly about Sil Valley millionaires and schemed to screw them. So, in effect, as a dem, you screwed yourself.

To: Lizzie Tudor who wrote (71300)	1/7/2000 7:55:00 PM
From: Alexander	Read Replies (2) \| Respond to of 108807

Lizzie, You do speak without benefit of brain. You apparently have been "brainwashed" by too many of Freudian Psychology 101classes ;-) You are never going to get to be "elderly" and you will be well prepared for it if you just "happen" to in spite of yourself. You are suffering from the BLAME MA' AND PA' SYNDROME. You sure know how to influence friends and turn them into enemies :-))))))))))))) Knock this elderly bashing off.. you will live longer, that way so you can reap your just reward :-)