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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Blasher who wrote (1145)	5/2/2014 12:42:58 PM
From: Jerome	Read Replies (2) \| Respond to of 26768

Hi Basher...good post with some substance instead of slogans. In spite of our tax rate American companies have hundres of billions in cash on their balance sheets. So lack of cash or the tax rate is not a realistic complaint I own two of those companies you mentioned. ESV (great dividend) and RDC, and RIG (UK) But there are other considerations for a move to another country besides taxes. The Oil Companies may have wanted to be closer to the action in the North Sea Oil area, and they also wanted to be closer to Russia in an attempt to get part of the action (Oil and Gas) in that country. Now there could be a bias against American Companies in the bidding for Oil and Gas Contracts in other parts of the world. Keep in mind that the North Sea, Siberian Exploration Area , African Exploration Area and Saudi Arabia are all closer to Europe than they are to the US. On top of all this about one third of the S&P 500 companies have not paid a dime in Federal Taxes in years. So high tax rates are not a bona fide reason for complaint. So taxes in my opinion, were not the only consideration

To: Blasher who wrote (1145)	5/3/2014 8:09:45 AM
From: 3bar	Read Replies (2) \| Respond to of 26768

It has been suggested that if each citizen was given say 1 mill $ with the stipulation that any/all debts must be paid first would do to help the US economy more than anything else . In the past they were used and known as " debt jubalies " . One major problem in US is private debt built up over several credit cycles . Eliminate this and room to grow is assured . Cost a whole lot less than many other things . It is so different that not likely to get much traction . Anyone have an opinion on this ? Steve Keen talks about this on his blog . debtdeflation.com