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To: trouthead who wrote (17111)1/25/2001 3:36:06 PM
From: FlameMe  Respond to of 24042
 
OTOT: The theory is, and it has been proven time and again, that the wealthy save the extra disposable income and deploy it in financial assets. That money becomes available for capital investment.

So, if you put it in a bank, they'll loan it out to someone. If you put it in the stock market, new companies will be funded through ipo's. same thing for bonds.

good luck,
ross



To: trouthead who wrote (17111)1/25/2001 3:45:08 PM
From: JakeStraw  Respond to of 24042
 
>>I would rather they pay off OUR debt.

Exactly! That's called be fiscally responsible!! The tax cut is a political gamble to please the masses. If the government really wanted to cut taxes they would cut spending and then be able to really cut taxes.



To: trouthead who wrote (17111)1/25/2001 3:52:31 PM
From: RetiredNow  Respond to of 24042
 
Actually, the more well off you are the better off you should be. For instance, if they eliminate the marriage penalty, my wife and I will make out like bandits since we are both highly paid professionals.