[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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