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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1746)	5/23/2003 11:37:24 AM
From: LLCF	Read Replies (1) \| Respond to of 4912

<Or maybe you are saying it is better to give the cut to those that would use it for consumption rather than investment. > How about giving it to the lowest income people just because...... they deserve it! <Once taxes were lowered and the inflation rate started to fall, companies and individuals invested more and the economy entered an extended period of good growth. > In 1989 personal consumption accounted for 65% of GDP vs 62% in '79, while gross fixed investment in the non-financial sector shrank from 12.9% to 11.1% of GDP, National savings temporarily fell to 2% of GDP compared to an average al almost 8% in the 70's. And the current account deficit exploded as well.... but you have to consider the source... "The Austrians"- -GGG- <To make a good decision beyond the political rhetoric you have to ask yourself where does the money come from to grow an economy, does it come from consumption or investment and savings?> To make a good decision you have to ask your self what is right IMO... that's what life is all about in every way, at every moment. But that's just me -gg- DAK