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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (7551)	10/16/2003 10:23:26 AM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

OT RE: "...this money is made by performing no service or manufacturing no product, and I feel that it should be taxed and distributed for socially useful projects." Are you saying that investment income should be taxed at a different (higher) rate than income from labor or corporate manufacturing income?

To: Fred Levine who wrote (7551)	10/16/2003 10:43:10 AM
From: Big Bucks	Read Replies (1) \| Respond to of 25522

Fred, but investing money overseas doesn't grow the economy, provide US worker's jobs, help innovate new products to manufacture in the US, or stimulate trade. Yes an individual can make money but it is small in the scheme of international trade and growing the US economy... The theme is ECONOMIC GROWTH which is good for the country and our capitalist system and FAIR international trade, with little to no trade deficit at the expense of taxpayers. FWIW, I would rather have seen the tax break applied only for investment in US based businesses, with NO overseas write off's or tax exemption allowed, that will keep the investment capital benefitting the economy. BB