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To: frankw1900 who wrote (2246)11/5/2002 2:07:54 AM
From: Karen Lawrence  Respond to of 6901
 
Wow, those are fabulous suggestions. Get the Fed out of the US. Their stated purpose was to stabilize economies, but they failed during the depression and are irresponsible in this latest economic mess, which Greenspan was instrumental in creating.



To: frankw1900 who wrote (2246)11/5/2002 2:29:10 AM
From: KLP  Respond to of 6901
 
Frank....you are so correct in this. If the young folks would start out where most of us started out, the items you listed below would be what we did....We didn't expect to see a TV in every room, 2-4 cell phones with high bills, cable on every TV, nor toyland like FAO Swartz in the playroom, nor two cars not older than 2 years old in the driveway, nor a ski trip every weekend of the season for the entire family....nor sending the kids to the movies every weekend for a show that costs a lot of money, lasts 1 1/2 hours, and oh so many etcs.

People don't like to have others watch their children, and yet both husband and wife say they have to work to keep up payments on their new house, and all the other trimmings of yuppie suburbia...

And taxes.....why is it that some just don't "get it"....If you tax the so called rich at the current rates today (more than $75-100k income per year)....where does the capital come from for new business to start????? What is the incentive for someone with extra money to put it on a new business venture, hopefully hiring people for jobs, only to have that risk money taxed at the current rates, and little or no profit realized on that venture capital.

Lower real property prices (do away with zoning laws) and a flat tax and stop the fed from setting interest rates - let the market do it instead.

Or: Live in smaller homes like our parents, have smaller cars, only one car per family, reform your medical system, don't have a personal computer or internet, don't eat out, get your shoes resoled, only replace your car when it gets desperate, no cablevision, don't buy fast food, and, oh yes, cut up your credit card and don't go to the mall on Saturday.