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That's the point. They do pay the
taxes.
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Rascal
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, March 06, 2004 3:37
PM
Subject: Re: [RT] sp500/nasdaq top
The richest 37,000 people in this country have, in
aggregate, the same income as the poorest 61,000,000. Maybe it's OK for
them to pay some taxes.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
BobsKC
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 06, 2004 4:00
PM
Subject: Re: [RT] sp500/nasdaq
top
Great story. Heard it before but had forgotten about
it. Bottom line is that the top few percent of tax payers pay most of
the income taxes but democrats want it all. Bush should win this
upcoming election by a wide margin but in four years, God help us all
because I don't see much of anything stopping Hillary considering the huge
percentage of women who claim they will vote for her and it's my opinion she
pushed for Kerry so Bush would win and she can run against a non-sitting
republican in 2008. The Clintons still maintain a death grip on the
D.N.C.Thanks,BobAt 08:16 AM 3/6/2004 -0800, you
wrote:
Speaking of low taxes, I don't
believe that the author noted at the bottom wrote this, but it is an
interesting analogy. Sometimes Politicians can exclaim;
"It's just a tax cut for the rich!", and it is just accepted to be fact.
But what does that really mean? Justin case you are not completely
clear on this issue, we hope the following will help.Tax Cuts - A
Simple Lesson In EconomicsThis is how the cookie crumbles. Please
read it carefully.Let's put tax cuts in terms everyone can
understand. Suppose that every day, ten men go out for dinner.The bill
for all ten comes to $100. If they paid their bill the way we pay our
taxes, it would go something like this:The first four men (the
poorest) would pay nothing.The fifth would pay $1.The sixth would
pay $3.The seventh $7.The eighth $12.The ninth $18.The
tenth man (the richest) would pay $59.So, that's what they decided
to do.The ten men ate dinner in the restaurant every day and
seemed quite happy with the arrangement, until one day, the owner threw
them a curve."Since you are all such good customers," he said,
"I'm going to reduce the cost of your daily meal by $20."So, now
dinner for the ten only cost $80. The group still wanted to pay their bill
the way we pay our taxes.So, the first four men were
unaffected.They would still eat for free. But what about the
other six, the paying customers?How could they divvy up the $20
windfall so that everyone would get his 'fair share'?The six men
realized that $20 divided by six is $3.33.But if they subtracted that
from everybody's share, then the fifth man and the sixth man would each
end up being 'PAID' to eat their meal.So, the restaurant owner
suggested that it would be fair to reduce each man's bill by roughly the
same amount, and he proceeded to work out the amounts each should
pay.And so:The fifth man, like the first
four, now paid nothing (100% savings).The sixth now paid $2 instead of
$3 (33% savings).The seventh now paid $5 instead of $7 (28%
savings).The eighth now paid $9 instead of $12 (25% savings).The
ninth now paid $14 instead of $18 (22% savings).The tenth now paid $49
instead of $59 (16% savings).Each of the six was better off than
before. And the first four continued to eat for free.But once outside
the restaurant, the men began to compare their savings."I
only got a dollar out of the $20," declared the sixth man.He pointed
to the tenth man "but he got $10!""Yeah, that's right," exclaimed
the fifth man. "I only saved a dollar, too.It's unfair that he got ten
times more than me!""That's true!!" shouted the seventh
man."Why should he get $10 back when I got only $2? The wealthy get
all the breaks!""Wait a minute," yelled the first four men in
unison."We didn't get anything at all. The system exploits the
poor!"The nine men surrounded the tenth and beat him
up.The next night the tenth man didn't show up for dinner, so the
nine sat down and ate without him.But when it came time to pay the
bill, they discovered something important.They didn't have enough
money between all of them for even half of the bill!And that, boys
and girls, journalists and college professors, is how our tax system
works.The people who pay the highest taxes get the most benefit from a
tax reduction.Tax them too much, attack them for being wealthy, and
they just may not show up at the table anymore.There are lots of good
restaurants in Europe and the Caribbean.David R. Kamerschen,
Ph.D.Distinguished Professor of Economics536 Brooks
HallUniversity of Georgia
----- Original Message -----
From: delta88343@xxxxxxx
To: <A
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, March 06, 2004 5:36 AM
Subject: Re: [RT] sp500/nasdaq top
In a message dated 3/5/04 12:08:51 PM Eastern Standard Time, <A
href="">mr.ira@xxxxxxxxxxxxx writes:
The government still claims that there is no
inflation. Gas prices are $2.50 per Gal. here. Almost
everything that is purchased is transported by truck. That cost
will also be on the rise.
Housing costs continue to rise. Just down
the road in Palo Alto the average home cost is $985,000. Health
care costs and other insurance costs are skyrocketing as is the
commodity index. How much longer can the government ignore what is
happening?
Low interest rates have not created new jobs
here, but India and other foreign countries are having a boon. We
are shipping our jobs overseas where the service and manufacturing costs
are far less. I have to admit, so is the quality of service
provided by the overseas support.
Just some thoughts.
Ira.\ This will continue to happen
because it has little effect on the "Haves." Their petrol bill going from
$50 a tank to $70 a tank on their SUV is barely worth discussing re: the
household finances. They work for companies that pay their health
insurance, or at least the bulk of it, and the large house they own has
doubled in value the past 5 years. Life is good! However, for
the poor "have nots", they will continue to suffer regarding the above.
Their meager earnings continue to get eaten away by the massive
inflationary spiral going on. There is no one truly representing
them in the media because they are mostly affiliated with one party. If
rolls were reversed, and a democratic president was in office with the
same things going on, you know darn well the Republicans would be holding
congressional hearings, having investigations left and right regarding
everything that is going on in the energy markets, Bush and Cheney's
connections to Haliburton and the massive energy manipulation play that is
going on etc. I'm not trying to be political here, but thats
the reality. There is absolutely no direction, no vision, no goal, no
leadership within the democratic party. No one is raising any stink about
what is going on, you hear nothing about it in the media and it literally
borders on the criminal. I am not politically affiliated one
way or the other and I love low taxes. The above is simply my
perceptions.
----- Original Message -----
From: EarlA
To: <A
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 05, 2004 7:42 AM
Subject: Re: [RT] sp500/nasdaq top
Fascinating market action ... SPX has rallied to 1162.99 (within my
target range) while the price of the June 1150 puts I hold (and had
orders for more) has also rallied. This suggests that the market is
putting in a blow-off. Had to short emini since it looks like they won't
fill my put order.
I assume that this rally is all about the perceived
notion that the Fed won't raise rates so the market can party longer.
Not a thought to the fact that continued employment problems will lead
to reduced consumption and other (economic and political) fall-out from
reduced consumer confidence. Foreign currencies are rallying hard which
means even higher energy prices are in the cards.
Earl
----- Original Message -----
From: EarlA
To: <A
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 05, 2004 6:11 AM
Subject: Re: [RT] sp500/nasdaq top
SPX is very close to long standing target range of 1060-1073 which
includes: 50% retracement to ATH, 200% expansion of Oct02-Mar03 swing,
and Dec01-Mar02 triple top.
I closed out long emini position just ahead of
Thursday's close leaving in place a SPX put established on Wednesday. I
also have orders working to add to put position on any rally from
monthly Employment Lie. During the past couple of weeks I've closed out
all trading positions in stocks and now hold significant cash position.
I still like energy stocks and hold core positions to which I will add
during any correction in equities.
There should be good support in the 1015+- area
which includes the 38% retracement to the Mar03 low and the Jun-Jul03
highs. If this area holds, then another run to higher highs (1250+-)
could be in the cards. On a fundamental basis, the market is richly
priced and risks are strongly to the downside should the public lose its
taste for speculation.
Earl
----- Original Message -----
From: profitok
To: <A
href="">astrofin@xxxxxxxxxxxxxxx ; <A
href="">realtraders@xxxxxxxxxxxxxxx
Cc: Yacov Twena ; <A
href="">vincent ; <A
href="">U.
Stuart-Auslander@xxxx Net (E-mail) ; <A
href="">Slawek (E-mail) ; <A
href="">Ronald McEwan ; <A
href="">Ron Miller (E-mail) ; <A
href="">panda2222@xxxxxxxxxxxxx ; <A
href="">ntt-list@xxxxxxxxxxxxxxx ; <A
href="">Ned Markson (E-mail) ; <A
href="">Mike Burk ; <A
href="">Kate (E-mail) ; <A
href="">Jseaton357@xxxxxxx ; <A
href="">Gocycles@xxxxxxx ; <A
href="">Elizabeth (E-mail) ; <A
href="">doroty.h ; <A
href="">Dom Perrino ; <A
href="">Dan C (E-mail) ; <A
href="">Cyclesman (E-mail)
Sent: Thursday, March 04, 2004 9:43 PM
Subject: [RT] sp500/nasdaq top
Most likely 3/5/04 should be a
top for a while
get out of longs and if you have long
term gains consider writing calls
most likely next is 1050 on
sp
if I am wrong, the max upside is only 10-15
sp pointsYahoo!
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