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Right on Bob! Note to Earl: it's the governmentt regulations and
involvement in our medical system which has created a lot of the problems
vis a via rising health costs and insurance issues. And this doesn't even
address corruption, fraud, waste, abuse, inefficiencies,
and incompetence. Look what government involvement in our schools has
done to undermine the education of our youth. They barely know how to
balance their checkbooks; and I'm sure the powers that be certainly don't
want them to know how to keep from getting sick in the first place. After
all; that would involve issues of responsibility and empowerment of the
individual.
chas
====
> 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.
> ----- Original Message -----
> From: EarlA
> To: 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
>
> ----- Original Message -----
> From: Rascal
> To: 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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