Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (27144)	1/8/2003 4:23:27 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

I just read some where that Jimmy Carter tried to end taxation of dividends. Outside of the progressivity and fairness arguments, having different tax rates for Capital gains (20%) and dividends (up to +38%)does create distortions and makes it harder to move capital. As an example- Intel has 12 Billion cash, Microsoft 40 Billion, Cisco 9 Billion and Oracle about 5 Billion. Intel is capital intensive and new Fabs cost 1.5 Billion each, so they may need most of that. The rest could easily distribute 1/3 to 1/2 the reat in dividends, where it could then go to other investments, like biotech, wireless, energy, etc. Or the consumer holders could use it to pay down their credit card debt. Or the pension fund operators could use it to fund their pension obligations. I don't think Microsoft or Intel really needs to increase marekt share ;-)

To: Raymond Duray who wrote (27144)	1/8/2003 4:44:31 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

>>I really admire Senator Corzine.....He has proven executive abilities, is totally savvy about the capitalist system and<<....blah, blah, blah....more sycophantic crap. You have major cognitive dissonance, Ray. Remember the people in the WTC who, according to you, deserved what they got, because you "trade against them every day." (Where did that disgusting post go, btw? I suppose you must have begged SI Admin. to remove it). And now, all of a sudden, like a lovesick teenager, you "really admire" Jon Corzine, former managing director of Goldman Sachs. I'll tell you what Jon Corzine looks like to me. He looks like another (very) rich white guy who woke up one morning and decided to make amends for all the years he has spent maximally exploiting the free enterprise system and so, with no history of public service, decides to buy himself a seat in the Senate. I believe the price for Mr. Corzine was $60 million. A strange bedfellow for a deranged Che Guevara wannabe like you.

To: Raymond Duray who wrote (27144)	1/8/2003 6:52:52 PM
From: Oblomov	Read Replies (2) \| Respond to of 74559

If Corzine is interested in high-income people continuing to pay current (or historical) tax levels, what is stopping him? Why doesn't he simply pay more? His higher payments might actually make a difference in the deficit, as opposed to the paltry marginal contribution from the "rich" (>$50K a year) he derides. Why doesn't he simply give away most (or all) of his wealth in the spirit of bonhomie? Corzine is a hypocrite of the highest order, and a demagogic one at that.