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James,
Supply-side economics does not require that the rich increase their spending
commensurate with large tax breaks.
Providing the tax breaks are genuine, and include capital gains tax
reduction (or elimination), then what they don't spend additionally, they
invest.
It is this private investment of capital, in a far more efficient way than
the government could ever hope to do,
that proves that supply-side economics does indeed work.
Warren Goldstein
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of James Taylor
Sent: Wednesday, April 26, 2000 5:18 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Re: MSFT TAKEOVER BID
Regarding supply side economics: there have been studies done that show
that the rich will not increase their spending commensurate with large tax
breaks. It is proven by studies and by history.
Regarding the defense spending mania underway: the US has approx 15,000
Nuclear warheads, more than enough to wipe out humanity many times over.
The US has weapon technology 10 times more advanced than other countries
(except the ones that we sell our technology to.) Why the large spending
now ? Is there something Clinton is not telling us ? and why is this
issue not given ANY press coverage ? Maybe now that Russia has ratified the
strategic arms limitation treaty 2, the US may be pressured in actually
curbing the nuke proliferation.
----- Original Message -----
From: James Taylor <jptaylor@xxxxxxxxxxxxxxx>
To: <warren53@xxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 26, 2000 2:10 AM
Subject: Re: [RT] RE: Re: MSFT TAKEOVER BID
> some crimes that I am aware of based on articles and stories in the press:
> 1) obstruction of justice,
> 2) perjury
> 3) numerous anti-trust violations
> 4) numerous software piracy / copyright law violations
> 5) dumping
> 6) price collusion
> and a long raft of sleazy, unethical, anti-competitive business dealings
and
> tactics.
>
> and only god knows how many other crimes. given his record, bank account,
> and the number of politicians in his pocket, anything is possible.
>
> as Larry Ellison said, Gates knowingly broke the law and considered the
> possible punishment to be less than the gains realized by breaking the
law.
> Crime does pay in some cases, at least so far. But I still have some
hope
> for this DOJ and the 19 states and now Europe that has had enough of this
> pirate and his company.
>
>
>
> ----- Original Message -----
> From: Warren Goldstein <warren53@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, April 26, 2000 1:30 AM
> Subject: [RT] RE: Re: MSFT TAKEOVER BID
>
>
> > James,
> >
> > While you're correct that the debt rose dramatically during the Reagan
> > years, I would just point out, for the record,
> > that this was primarily due the Democrat-controlled Congress.
> > I strongly disagree with your view on supply-side economics, but I do
> agree
> > with you that all government programs (with the exception of the
military,
> > police, and the courts) should be slashed to the bone.
> > I'm quite curious to hear more about Bill Gates' long list of committed
> > crimes.
> >
> > Warren Goldstein
> >
> > -----Original Message-----
> > From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
> > Behalf Of James Taylor
> > Sent: Wednesday, April 26, 2000 2:25 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] Re: MSFT TAKEOVER BID
> >
> >
> > Solutions ? Here's some ideas for starters.
> >
> > 1) Expose the Plunge Protection Team and put a stop to it.
> > Other Clinton criticisms:
> > Stop the reckless defense spending. Clinton has added an additional $100
> > Billion military spending package, the largest spending spree since the
> cold
> > war. He claims it is necessary for "military readiness". The US has
> > technical weapons 10 times more advanced than any other country, yet
> insists
> > we spend more money to further the development of even more advanced
> > weaponry like suitcase nukes and weapons of mass destruction.
> > Eliminate the prison industrial complex, putting kids in jail for
lengthy
> > jail sentences for minor drug charges is the real crime.
> >
> > 2) Greenspan's mistakes will come to full light in due time. Now that
the
> > bubble is fully inflated and the lemming populace in debt,
> > hook-line-and-sinker, the only thing next to happen in the painful
> > unwinding. The economy has had numerous boom-bust, mania debt
expansion
> > cycles, and it seems that every 60 years or so, the history lessons are
> > forgotten (or in this case, ignored). The economists of today now
> > disregard Keynesian economics for what it is/was -- flawed; yet the
> > government still believes in deficit spending to all new heights. The
> > answer to the problem is quit simple -- REDUCE debt, run a balanced
> budget,
> > get rid of the massive government spending programs (like tens of
billions
> > of new defense spending, foreign hand-outs, pork barrel spending),
control
> > the economy by prudent monetary policy (i.e. do not cut rates and print
> > money to spur on reckless market bubbles that lead to misallocation of
> > economic resources and severe downturns.) When an economic down cycle
> does
> > occur, the government would be in a position to stimulate the economy
> > (saving for a rainy day) -- pretending that it will never rain again is
> NOT
> > the answer. Greenspan was/IS the worst Fed chief any president could
have
> > hired. He was/is the most pitiful example of a 'yes' man that I have
ever
> > seen. To aid the US banks that make trillions in bad foreign loans, he
> cuts
> > rates 24 times and runs the printing presses, and alas, we start the
asset
> > bubble's formation. Let the banks that made the bad loans fail. Let
the
> > Asian bankers and the hedge funds like LTCM FAIL.
> >
> > 3) The government debt skyrocketed during the Reagan/Bush presidencies.
> The
> > debt rose from 940 Billion to 4.18 Trillion, a 450% increase !!!! A
large
> > percentage of the money was spent on the cold war military buildup and
> > frivilous pork belly programs.
> >
> > The interest on the Federal Government Debt for 1998 was
> > $363,823,722,920.26. With just the interest, the US could build
thousands
> of
> > new schools, bridges, hospitals each year.
> > http://home.earthlink.net/~arison/debt.html
> >
> > Reagan made the following statement before going on his spending spree:
> > "For decades we have piled deficit upon deficit, mortgaging our future
and
> > our children's future for the temporary convenience of the present. To
> > continue this long trend is to guarantee tremendous social, cultural,
> > political and economic upheavals." Ronald Reagan, 1981
> >
> > The unfortunate thing is, he won't be around to see the social &
economic
> > upheavals he was responsible for. We honor the jackass by naming an
> > airport after him, and the republicans praise him as being one of their
> > great leaders. His legacy will be remembered and long lasting, that is
> for
> > sure. Your grandchildren's grandchildren will be paying the interest on
> > that debt, could have build a hell of a lot of new schools and bridges
> with
> > that money. Let's just use 25% of each tax dollar to pay the interest
on
> > the debt. The extreme levels of the national debt require swift action,
> cut
> > programs to the bone, and pay it off. The tax revenues will plunge when
> the
> > economy tanks, now is the time to put the 'windfall' revenues to use;
and
> > put a stop the raiding of the social security trust fund, and tell the
US
> > citizens the truth, the budget is not balanced and they are spending
their
> > social security tax payments.
> >
> > 4) We know that supply side economics does not work; a little research
> > back then could have avoided the problem. But that is what happens when
> you
> > elect an actor to the White House.
> > 5) Most successful capitalist ? The long list of crimes the SOB has
> > committed should be known. Put him in jail and throw away the key;
how's
> > that for a solution ? Actually,
> > give MSFT the largest fine in US history, break-up the company, and let
> the
> > chips fall where they may.
> >
> >
> > Sincerely,
> > James Taylor
> >
> >
> > ----- Original Message -----
> > From: Howard Hopkins <hehohop@xxxxxxxxxxx>
> > To: <jptaylor@xxxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, April 25, 2000 9:55 PM
> > Subject: Re: [RT] Re: MSFT TAKEOVER BID
> >
> >
> > > James,
> > >
> > > I've been a RealTrader participant for over a year now.
> > >
> > > Your posts are ALWAYS very entertaining. Sometimes very annoying and
> > > sometimes thought provoking, but definitely controversial!
> > >
> > > >From your posts I know you HATE; 1) the liberal Clinton
Administration
> > for
> > > using the phantom "Plunge Protection Team" for supporting the stock
> > market;
> > > 2) Greenspan's failure to shut off economic growth fast enough for
you;
> 3)
> > > the Bush Administration for tax increases and increasing the National
> > Debt;
> > > 4) the Supply Side Reagan Administration tax cuts that gave citizens
the
> > > economic choice with their money in a recessionary/inflationary
economy;
> > 5)
> > > and finally you HATE, Bill Gates, the most successful capitalist in
the
> > > history of the world.
> > >
> > > I live in Washington, DC suburbs and just witnessed the protests and
> > > demonstrations against the IMF & World Bank(admittedly flawed
> > organizations
> > > because they have no fiscal responsibilities). I watched and heard
from
> > > today's spoiled 20 somethings about the fight against "Global
> Capitalism"
> > > and 'the evils of third world countries manipulating the working
classes
> > > with the funds of the wealthy nations'. Luckily, the world's greatest
> > > economic power in history (the current United States economy)didn't
have
> > to
> > > struggle through those type of scenarios in the past..... or did
we????
> > >
> > > James, you criticize and bash EVERYONE. How about you propose YOUR
> Nobel
> > > winning economic theory that will, at last, solve the question of how
to
> > > 'manipulate or direct' world markets and economies so we have
> 'reasonable
> > > non-inflationary growth on the path to Utopia'. Stop the critizism
and
> > > JUST GIVE US THE ANSWERS. It sure would make your life less
frustrating
> > and
> > > full of hate while simultaneously solving world problems... please
just
> > end
> > > the suspense and give us the answers!
> > >
> > > Sincerely,
> > > Tired of the hearing your bitching, just interested in the answers,
> > > Howard Hopkins
> > >
> > > >From: "James Taylor" <jptaylor@xxxxxxxxxxxxxxx>
> > > >Reply-To: jptaylor@xxxxxxxxxxxxxxx
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Subject: [RT] Re: MSFT TAKEOVER BID
> > > >Date: Tue, 25 Apr 2000 00:19:52 -0700
> > > >
> > > >Sounds like someone took a bath on some grossly overpriced MSFT
stock.
> > > >As many crimes as Gates has committed, he deserves everything he gets
> and
> > > >more,
> > > >and so does his shareholders for being so damn clueless.
> > > >
> > > >JT
> > > >
> > > >----- Original Message -----
> > > >From: Peter <derivatives@xxxxxxxxxxxxx>
> > > >To: <realtraders@xxxxxxxxxxxxxxx>
> > > >Sent: Monday, April 24, 2000 11:33 PM
> > > >Subject: [RT] MSFT TAKEOVER BID
> > > >
> > > >
> > > > > Well given that there are rumours of an impending takeover
bid
> by
> > > >the
> > > > > US Govt wrt MSFT, it seems logical to buy MSFT right now & get
> paid
> > a
> > > > > hefty premium for MSFT stock. After all thats what a break up is
all
> > > >about
> > > > > isnt it........ a takeover bid.
> > > > > Seeing as the Govt is the greatest "fool " out there, the
> greater
> > > >fool
> > > > > theory implies that this really is a significant market high.
> > > > > I just may buy more MSFT stock, afterall no gov't is going to
> > screw
> > > > > middle america with all their debt overhang. If anything Bill
Gates
> > > >cant
> > > > > sleep at nights these day because he's about to get really
> seriously
> > > >rich
> > > > > this time around.
> > > > > Regards
> > > > > Peter Karaguleski
> > > > > Nam Et Ipsa Scientia Potestas Est
> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > >
> > >
________________________________________________________________________
> > > Get Your Private, Free E-mail from MSN Hotmail at
http://www.hotmail.com
> > >
> > >
> >
> >
> >
>
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