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To: Lizzie Tudor who wrote (16528)	2/2/2004 3:46:43 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

here on the west we have a globalization problem, all the good white collar professional tech jobs have gone to india could you elaborate on that a bit? what kind of erosion are you seeing in jobs going to India in IT? this is a very interesting topic to me.

To: Lizzie Tudor who wrote (16528)	2/3/2004 1:30:57 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Advocates of globalization say that the US has dealt with globalization since the 70s, which is a falsehood because the real global force is China Ahem, Japan is one of the richest countries in the world. How did they get that way? So right about now they are ramping for the first time from a globalization perspective and we are feeling it. Americans are over paid. If they don't find a way to be competitive with 3 billion Chinese you can start packing. You don't have a choice. The thing is, for the past 20 years republicans have managed to characterize "passive income" as something that should be essentially tax free. I've explained a few time why this is so. You're a smart person, when you figure out whether or not you want to lend your money out (to recieve passive income on it), do you decide on the return you need for the risk before or after taxes? In other words would you lend it out if the return was negative after taxes? If you are as smart as I think you are, you figure the after tax return and decide whether this is appropriate to the risk, you hold out until you get that desired return. Now tell me who it is that you think pays the difference, the tax? You, as a lender, are going to hold out until you get the return needed to cover your risk regardless of tax, which means the interest percentage needed to cover the tax is paid by the borrower. Now who are primarily borrowers and who are primarily lenders? Now tell me why it is you think that Democrats don't understand that raising the cost of capital to their constituency doesn't hurt them? Maybe they aren't very good at math.