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To: elmatador who wrote (27196)	1/8/2003 11:21:01 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 74559

Re: It is not going to work, Of course it's going to work. You just are taking your eye off the ball as to what the goal is. Economic stimulation is just the cover story. The real purpose is wealth transfer from the werkinstiff to the fat cat. This plan will work swell. -R.

To: elmatador who wrote (27196)	1/9/2003 1:02:28 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Elmat, We in HK are going to 'do it' to the civil service first, cutting their numbers and then chopping their pay ... Message 18421062 Civil service will be cut to 160,000 over four years and then we will empty out the CBD police station and prison ( lcsd.gov.hk the combination complex is immediately below my office window ), and turn it into a den of sin to make some money from folks previously treated as illegal immigrants ;0) Message 18421070 Police complex will soon be rocking to tourist beat Chugs, Jay Reference: http://www.siliconinvestor.com/readmsg.aspx?msgid=16292253 September 3rd, 2001 ... My office is on the 23rd floor of a building immediately adjacent to the prison/police facility on the hill edge of the Central Business District. My window overlooks directly into the prison compound, and there are three groups of exercising prisoners each morning, at separate times: ethnic Chinese men (basket ball game), women (walking and talking), and Africans (basket ball game).

To: elmatador who wrote (27196)	1/9/2003 1:21:01 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>It is not going to work, jay!<< Huh?! No reelection for GW (like father, like son)? BTW, Jay - MLP on the way out of DAX soon. Most probable replacement Beiersdorf (ever heard of so-called Scotch tape? That's the guys)

To: elmatador who wrote (27196)	1/9/2003 2:09:51 PM
From: Moominoid	Respond to of 74559

I read the article in the NYT today on the Bush "dividend tax" plan. It's not really a dividend tax plan at all if they are right but something more complex that has some similarities to Australia's franking credit system but may actually be better in a couple of areas: 1. The tax credits apply to both dividends and non-distributed profits up to the amount on which the regular rate US federal corporation tax has been paid. Australia only allows dividends introducing a distortion. 2. Where a dividend is distributed then it is tax free. In Australia the tax credit attached helps offset the personal income tax due which can be higher (use of leverage results in surplus tax credits that can help reduce tax due on other income in Australia). 3. When the profits are reinvested the "deemed dividend" is used to adjust the capital gains tax cost basis. So CGT is only payable on trading profits in excess of the profits actually made by the company. 4. If the federal corporation tax is lower than your personal tax rate it pays to incorporate to reduce taxes even if all profits are paid out as dividends to partners and or proprietors. This isn't true under the Australian franking credit system. 5. People dreaming about MSFT distributing its cash are wrong. That wouldn't be tax free as it was earned before 2002 and under deemed dividends there is in fact no advantage to paying out the tax. 6. I am thinking that mutual funds should be able to pass on these tax benefits as tax free dividends and cost adjusted smaller capital gains. Retirement funds would have a harder time with this in the US system (in Australia earnings of retirement funds are taxed immediately only the contributions have a tax beneficial status). David