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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (20261)12/30/2011 11:44:24 AM
From: DMaARead Replies (1) | Respond to of 24758
 
What do you think of Coolidge? Do you think he got it right?

foxnews.com

Said Coolidge in 1924:

If we had a tax whereby on the first working day the Government took 5 per cent of your wages, on the second day 10 per cent, on the third day 20 per cent, on the fourth day 30 per cent, on the fifth day 50 per cent, and on the sixth day 60 per cent, how many of you would continue to work on the last two days of the week? It is the same with capital. Surplus income will go into tax-exempt securities. It will refuse to take the risk incidental to embarking in business. This will raise the rate which established business will have to pay for new capital, and result in a marked increase in the cost of living. If new capital will not flow into competing enterprise, the present concerns tend toward monopoly, increasing again the prices which the people must pay.



To: ahhaha who wrote (20261)12/30/2011 2:48:50 PM
From: frankw1900Read Replies (2) | Respond to of 24758
 
For some reason I can't use the copy function this morning. Something wrong with the browser, maybe.

The 'you' that guy uses means the government and everything, and everybody else because he's proposing public policy action. 'You' in this case means congress, fed, treasury, cabinet, president, etc., plus the whole of the financial industry.

It's not quite as innocent as saying 'if you substitute x with 24'.... He's doing politics. He's campaigning for himself, and a bunch of 'crat stuff.

I managed to sort of avoid it by just talking about incentives. Ha! Does that make me any more innocent than him?