[DeTomaso] Very little Pantera content
JJD1010 at aol.com
JJD1010 at aol.com
Fri Nov 20 19:26:32 EST 2009
In a message dated 11/20/2009 4:53:43 P.M. Central Standard Time,
RFogle1 at aol.com writes:
Many of the changes to the economy and government over the past 30 years
or so are hostile to wealth creation and therefore Pantera ownership.
.
Ron,
In the mid 80's my marginal federal tax rate was 50%, in the early 80's
the highest rate was 70%. It's 35% now. Cap gains rates are at all time lows,
too. Interest rates are also lower.
Recent reports I've seen are that the rich are getting much richer but it
has not trickled down to the lower 95% of the population. According to L.
Zingales, a professor at the conservative Univ of Chicago Booth School of
Business, in the last 25 years, GDP grew by 100% but median personal income
only grew 17%. The richest 1% saw their income triple. Check it out.
In just the first 4 years of the Bush administration, the size of
government grew 33%. And just a reminder, the federal bailout being implemented by
the Obama administration was actually put in place by Bush's Sec'y of the
Treasury, Henry Paulson, a Goldman Sachs alum.
BTW, do you have health insurance?
Jeff
6559
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