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

To: GraceZ who wrote (1770)	5/23/2003 7:09:55 PM
From: LLCF	Read Replies (1) \| Respond to of 4912

<You NEVER have to try to boost consumption its a natural outcome of people feeling richer and I can't think of a better way to feel rich than to have a job.> Didn't say that... agree with you. I don't care what people do with the break. I want the break cause it's right for those people, not because they'll spend it. <you are the one suggesting by saying we should give the break to those that need it.> Yes... what's wrong with that? I don't care what they do with it, I just think it's good policy, in fact I don't even think people making under X amount should have to bother filing income taxes. Is that social engineering NOT taxing people that really need the money? You are saying it is good to specifically target a group for a societal purpose no? In any case, let's not worry about that topic, maybe we're both 'social engineering'... my basic point is I am VERY dubious about a tax cut for wealthy helping the group I think needs the cut, where a cut, obviously helps. <OTOH there is plenty of evidence that increased spending directed towards consumption simply raises prices of those goods and services, that it adds to price inflation taking away whatever benefit the added money gave in the first place. > So? Don't give the money to poor people, they'll drive up the prices? Drive them up on who? The more well off? <You look at some well publicized examples of wasted investment dollars and think that its a waste to leave that money in that area. > No, I'm noticing quite a change in that area... don't you? The leverage in corperate balance virtually everywhere has exploded no? NO, I'm talking in general, and the net investment numbers are NOT pretty..... so tax cut and assume they'll really invest? How about letting the little guy save something, and create some real investment. <I heard the same arguments about investments going off shore back in 1983> Well, the number bear out quite an acceleration since then no? Look I'm just disagreeing... I think there is A LOT of room for tax breaks at the bottom.... AND I think it's great policy. DAK