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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (625429)	8/22/2011 11:18:25 AM
From: i-node	Read Replies (2) \| Respond to of 1573682

>> C'mon....there was so much more going on...particularly in the years you referred to...this was the day trader era, the tech boom....don't tell me that CG rates spawned that Yes, I know. It is always something. Do you not realize that the "tech boom" is a direct result of the CG tax cuts? In the three years following the Cap Gain rate cut, we saw a tripling of venture capital investment followed by a doubling from there during the next year. What do you think caused this if not the cap gain rate cuts? ...and, the short term CG rates were un-changed yet you see a spike in 97, and the long term rates were changed in july of that year....which means that long term gains benefiting from the rate change would have been realized during prior years...the correlation is tenuous and difficult to make at best...just look at the gyrations from years prior to 97 for further evidence... These arguments always, ALWAYS degenerate into a he-said/he-said that leads nowhere. Nobody can ever provide anything with 100% certainty -- which is the case with this late 90s period. However, the evidence is pretty overwhelming that the Gingrich Tax Cuts were responsible for the late-90s economic growth. If you want to pursue this maybe you can explain more clearly what your argument is.