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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (23160)	11/18/2002 12:24:22 PM
From: The Ox	Respond to of 24042

With health care costs rising between 15% and 30% a year, there's not a lot that a company can do but cut staff or pass on the costs to their employees, which in essence reduces the employee's compensation (relative to what they used to receive from the company). In the current economic environment, these costs simply can't be passed on to the customer via higher ASPs and they must come from the somewhere. Since the company is forced to increase their associated payroll expense substantially -or pass on the increase to their employees- companies are between the rock and a hard place.

To: TigerPaw who wrote (23160)	11/18/2002 2:59:21 PM
From: ownstock	Read Replies (2) \| Respond to of 24042

We are already into deflation to the tune of 10% per year, which is the net of our productivity increase and medical costs increase. The real truth is the productivity increase is largely due to fewer people working, and not, as John Chambers or GS would have it: IT spending. We are busily proving Marxist economic theory correct. Which is why I think it needs to be very painful to hold onto cash, or to be "too rich". What we need to do is: eliminate capital gains taxes. In other words, if you put your money in the market, and keep it there, no taxes. But if you take profit, you get taxed at full income rates, unless you re-invest within one year. I guarantee that would have the market back on its feet very quickly. Then the Dems could get some of their beloved income tax rate back, at least at the higher income levels. -Own