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To: MeDroogies who wrote (15502)	3/4/2001 1:16:49 AM
From: TobagoJack	Read Replies (1) \| Respond to of 19079

<<By the way, you're wrong about how the multiplier effect on foreign ownership works. Which country has the highest level of foreign ownership of its economy? Canada...yet they believe that they live better than US citizens in most cases. Which country has the highest level of ownership outside its country? Holland. I think if you question them, they'd have the same things to say...>> Using your specific example, Canada, I am making the point that Canadians are better (at the margin) precisely because they have (at the margin) foreign owners of businesses there. Put in another way, at the margin, the foreign owners of those same business are not enjoying the multiplier effect as much as the Canadians are. Do not know about Holland, except it is a small country living off investments accumulated over decades, and can therefore do pretty well on dividends alone. The US is not a small country, and can therefore not live off dividends earned through investments in smaller countries. Chugs, Jay