Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (30772)	11/5/2006 11:20:11 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

part of the deficit problems is jobs also. A capital gains economy which is basically what we have here is also a no-tax economy for the government. We've cut every capital gain tax imaginable in the past 20 years. Now, with no jobs, no inflows and deficits galore. On a good note, which is not really that good because it represents the bifurcation of the US money supply, is that corp profits are so high after all this offshoring of labor, corp tax receipts are taking up at least some of the slack in the deficit. Not enough to help the dollar though. I really think there are major economic issues here that are covered up by Iraq and other things and the USA is going to be in a sea of red ink for the forseeable future. There is no incentive to hire a US workforce, and the US workers are taxed at 50% for the first 85K or so. Meanwhile congress is spending up the wazoo. If we could get a handle on the economic situation and see some wage/jobs growth and dollar increases we could have a bull market.