mohit | Shared With: Everyone - Sep 08 2008 | taxation, books, llc, taxes, todo
mohit | Shared With: Everyone - Mar 12 2008 | economics, taxation, taxes, conservatism
"ReFave" from email
Quoted: 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
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taxes
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1 FaverViewed: 2 TimesQuoted: He asked me where America was going to get the $700bn needed for the splurge. I reminded him that the legislation (at least last I looked) only authorized $350bn upfront and only $250bn of that would be funded initially. I pointed out to Nathan that if we up and left Irag this month and walked away from all of our financial commitments to Iraq and it’s security, we’d save $250bn over the next two years. We could use that money buying the crap assets, holding them through the downturn, and then flip them when things get better, hopefully for a profit. That’s a hell of a lot better than spending $250bn providing a police force for Iraq while they assemble an oil-funded surplus for their own account, not ours.
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economics
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The carnage continues. I do think it's a good time to start looking for smart buys (e.g. market cap near book value).
1 FaverViewed: 2 TimesQuoted: A late-day decline once again pushed the markets down sharply, with the Dow falling more than 500 points.
- zerohour - 4 days ago1 FaverViewed: 4 Times
- zerohour - 4 days ago2 Favers


