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Yeah, the same mantra was heard in CA over the
past 5 or so years to justify the tax and spend liberal policies that resulted
in such a roaring success for that state. And what did the folks who
created this debacle then propose as a solution to the mess they created - more
of the same "tax the rich/redistribution of wealth" nonsense that caused the
problem.
I share your sentiment towards the Wal-Mart ilk
as you put it, but I'm not sure it's accurate to say that they've
accounted for the "major job growth" in this country. Granted the hundreds
of thousands of dot.com bubble jobs created in the late 90's are gone never to
return, and the manufacturing sector is certainly struggling but that's caused
in large part to poor management and a much higher cost of doing business due to
litigation costs, unions, etc. But the millions of jobs created directly
or indirectly by the tech boom in the 90's are not gone nor are they "bad"
jobs.
Four years ago the largest financial bubble in
history popped and 18 months later we had 9/11. Is it any wonder that we
don't have a "roaring" economy right now with millions of "good" jobs being
created? And while I don't know what the exact solutions are (aside from
time) we do know what won't work from recent history in CA and the failed tax
and spend socialistic policies that Hoover instituted following the 1920's
bubble.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
EarlA
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, March 06, 2004 6:25
PM
Subject: Re: [RT] sp500/nasdaq top
The same 37,000 also own well over 50% of the assets in this country.
They've not only done an incredible job of accumulating the wealth and
minimizing their income and estate taxes, but they've convinced many of the
other 250,000,000 people that taxing that wealth might deprive them of the
opportunity to accumulate the same wealth. In the meantime, we have millions
of people in this country who can barely care for their families on paltry
wages and lack basic medical coverage. Just in case nobody noticed ...
the major job growth in this country has been in Wal-Mart and its ilk.
I'm fortunate to be financially very comfortable, but there's something
wacko about a society which tolerates these extremes.
Earl
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Rascal
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, March 06, 2004 4:37
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.
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