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To: MeDroogies who wrote (15614)	3/16/2001 1:52:35 PM
From: Dave	Read Replies (1) \| Respond to of 19079

Regarding your comments about how "the wealthy have the advantage," I think you understate the case. The fairly wealthy that you describe do have investment opportunities that are not available to those of more modest means, as you stated. However, the real advantage is held by the super-wealthy. I'm talking about the few privately owned banks that are allowed to be member institutions in the Federal Reserve System. The families who own these banks not only earn interest on the TRILLIONS of dollars that our government lends them as part of the massive federal debt (which IS still growing, despite the absurd surplus projections from Faith Based Economics), but get this: They pay no taxes on that interest. The U.S. Federal Reserve Act specifically states that the Federal Reserve member institutions pay no federal, state, or local taxes on any income, except for real-estate income, derived from their privilege. Now THAT's a wealthy advantage. Dave