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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Thomas A Watson who wrote (227904)2/17/2002 11:24:39 PM
From: Raymond Duray  Read Replies (2) | Respond to of 769670
 
Tom,

Re: As to a company, I believe it is the duty of officers of a corporation to create wealth for the shareholders, not to pay taxes they can legally avoid.

Right, I've heard this line before. From Ken Lay, Gary Winnick and Paul O'Neil.

The truth of the matter is that the shareholders are getting shorn in this new variant fleecing in the equities markets, and this being aided and abetted by the Bushistas.

Now, name one company that you've been able to invest in since the bubble, or even before, where the shareholders made out anywhere near as well as the corporate insiders who were lavishing stock options themselves, leaving the crumbs for the shareholders, unless the shareholder was the perma-chump and just held on for the big losses that we've experienced in the fashion forward sectors of the market.

I'm astounded that you haven't figured out yet that shareholders are chumps in the eyes of the executives, just some bunch of dufuses to prop up the price so the insiders can make their killing on unloading grossly inflated shares on the naive.

Re: The tax code is stupid

Ahhah! I'm beginning to see the pattern. I'm stupid, the tax code is stupid. Your vocabulary is limited. What I believe you meant is that I'm objectionably opinionated, and the tax code is special interest corruption designed to reward the clever with hidden benefits and rip off the unaware with hidden gotchas.

As the intrepid engineer, you remind me of the story about the convenience store over in Cambridge, MA. They had a sign at the checkout for an 8 item express lane. A student walks up with 12 items, and the clerk inquires: "Are you from Harvard and can't count? Or from MIT and can't read?"

All the best, Ray