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To: LLCF who wrote (26998)	1/7/2003 2:51:21 AM
From: elmatador	Respond to of 74559

You're right, personally I decided not to have a share on that exact 28 years ago when I broken my hand working. It was a wake up call, I can tell you. Being from a country with substandard social assistance, I realized I needed to have money put aside and not owe anything to anyone. And I did. Not because I had discretionary income, but because I delayed all kinds of consumption and adequate my spending habits accordingly to create that hedge fund. Boy, you don't know how little you earn when you are teaching yourself after dropping off school! But it is possible. I used to lend money here and there for guys who earned three times what I made! After the years passed I am like Maurice, I am my own insurance company for health and social security. I only pay car insurance because I gave my wife a car and the car she's chosen is a favorite to end up across the border in Paraguay! <VBG> After all those years, I discovered that people given a clutch will never develop muscles to carry themselves. Hence the second generation families on the dole in the UK.. This is demeaning to the human being. It takes form them the sense of achievement and their self-value, self-esteem and self-respect. But this is about to end. It is simple. The tax-payer is disappearing. The Hegelian nation-state is dead and with it, will go the big teats into which people suck income tax. Today the Brazilian president takes two months to earn what I earn in one month, and I dodge any possible taxes in Brazil. I know better how to spend money than any politician in this world.

To: LLCF who wrote (26998)	1/7/2003 3:12:42 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

Bush Unveils Nearly $670 Billion buying vote budget Bush to Unveil Nearly $670 Billion Economic Plan Tue January 7, 2003 02:16 AM ET By Adam Entous WASHINGTON (Reuters) - President Bush will unveil a nearly $670 billion economic plan on Tuesday calling for the elimination of taxes shareholders pay on dividends, a bold move denounced by Democrats as a windfall for the rich designed to boost stocks and his reelection chances. The package, which Bush will announce in Chicago, will include the acceleration of across-the-board rate cuts, immediate tax relief for married couples and families with children, and bigger incentives for small businesses to invest in new equipment. In all, the White House says it will give 92 million taxpayers an average tax cut of $1,083 this year. Up to 35 million people who get income from dividends could benefit. The package, which must be approved by the narrowly-divided Congress, will cost up about $670 billion over 10 years -- more than twice the amount initially considered by the White House -- with about $100 billion in tax cuts this year. Bush is expected to set aside about $10 billion for "fiscal relief" to cash-strapped states, according to congressional sources. Congressional Democrats -- and some economists -- said the plan would have little stimulative effect, would deepen the federal budget deficit and predominately benefit the elite. They estimated that 25 percent of the dividend tax break proposed by Bush would go to people making over $1 million a year. The vast majority of American stockholders will get less than $50, Democrats said. TOP DOMESTIC PRIORITY "The president really is investing...$600 billion on an old, old Republican theory of trickle down economics," said Rep. George Miller, a California Democrat. "We're saying no. Give it to the people who need it."