That is the problem. These people think that wealth is not something that
is created. They think they can just "redistribute" it and that they won't
run out of it. I mean how dare we try and let the people that invest in
business and build wealth keep their money. Why we should give it to those
that cannot do for themselves :)
-----Original Message-----
From: Andy Ousterhout [mailto:[EMAIL PROTECTED]
Sent: Thursday, November 20, 2003 1:22 PM
To: CF-Community
Subject: RE: Bush resume
I wonder if this paragraph isn't the real issue.
Lastly, the redistributive aspects of the package are extremely worrisome.
It
seeks to redistribute wealth in the wrong direction, in a very big way, to
the
very wealthiest end of the spectrum. The people who least need a tax cut
in
the U.S. economy are those whose major source of income is taxable
dividends.
The average tax dividend dollar will go to people who are already indeed
quite
rich. In terms of redistribution of income, this is probably one of the
worst
possible places to give money.
And the rest is just cover.
Andy
-----Original Message-----
From: Howie Hamlin [mailto:[EMAIL PROTECTED]
Sent: Thursday, November 20, 2003 11:56 AM
To: CF-Community
Subject: Re: Bush resume
I guess that article was a bit mild - try these instead:
http://www.berkeley.edu/news/media/releases/2003/02/12_akerlof.shtml
http://www.berkeley.edu/news/media/releases/2003/02/nyt_economists.pdf
----- Original Message -----
From: Andy Ousterhout
To: CF-Community
Sent: Thursday, November 20, 2003 12:11 PM
Subject: RE: Bush resume
And that is news to who?
Presidents need to think big. Short term fixes create a pendulum
effect,
long
term changes have long term impacts.
-----Original Message-----
From: Howie Hamlin [mailto:[EMAIL PROTECTED]
Sent: Thursday, November 20, 2003 10:49 AM
To: CF-Community
Subject: Re: Bush resume
Nobel winners attack Bush economics
"Regardless of how one views the specifics of the Bush plan, there
is
wide
agreement that its purpose is a permanent change in the tax structure
and
not
the creation of jobs and growth in the near term," the economists said
in
a
statement published by the Economic Policy Institute.
http://news.bbc.co.uk/2/hi/business/2735269.stm
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