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IDS World Markets Mon 21st December 09


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An increase in the cap gains tax has never been on the table. It's just not discussed. In fact, the push has always been to eliminate it. There's a bit of a problem with the expiration of the estate tax at the moment, however.

 

http://thehill.com/homenews/house/73159-es...ltiple-lawsuits

 

Here’s a story that almost was. My grandfather passed away the week after Thanksgiving at the age of 95. He was a very successful business leader and after a full life, his one last purpose was to live until 2010 so when he passed on, he could avoid the estate tax. To him, it was like giving the finger to the government one final time (which is really funny, if you knew him :lol: ). We used to joke with him that if he passed early, we were going to duct-tape him in his chair and report it on Jan 1st (morbid humor – but everyone thought it was funny). Unfortunately, he came up one month short. Just for reference, between federal and state taxes, they’ll end-up taking 61% of his estate. :(

 

The irony is that it may not have mattered anyway. It sounds from that article that if the Dem’s have their way, there will be no gap in the estate tax. To bad for Grandpa – he subjected himself to a few more bad Cubs seasons than he needed to. :lol:

 

I hope he is enjoying the fairways up in Heaven’s Country Club. He was a 5 handicap into his 70's!

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What will they think of next.....Faith based ETF's launched today....

 

Somehow GOOG and MSFT ( bing ) seem to break the funds rules on the porn end,,,,Marrissa was asking the guy about NKE and Tiger which is another top holding and he said Tiger didn't count...looks like a blue chip stock fund to me.

 

http://www.dailyfinance.com/story/investin...denomi/19275138

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What will they think of next.....Faith based ETF's launched today....

 

Somehow GOOG and MSFT ( bing ) seem to break the funds rules on the porn end,,,,Marrissa was asking the guy about NKE and Tiger which is another top holding and he said Tiger didn't count...looks like a blue chip stock fund to me.

 

http://www.dailyfinance.com/story/investin...denomi/19275138

big deal, "socially responsible" funds have been around a long time. Just another marketing ploy.

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Great News !!!

 

Eddie Supernova is gong to be on "Lost-Late" with his thesis of why the old "Dollar Down - Market Up" is now dead

 

...and why "Dollar Up - Market Up" is the new normal

 

Can't wait !!!!

 

F**king ass punch douchebag say's what?

 

post-6859-1261422348.jpg

 

Eggsactly...

 

Thanks douche!

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The relentless lowering of the top tax rates and capital gains rates and the effective corporate tax rate has been causal of everything the critics of the status quo rail at. Not tangential, causal. This is the ideological divide that cannot be crossed. The free market of necessity, free of redistribution by taxes, distributes income assets and power to the top. This is an iron law. Embrace it, accept it and don't complain about it.

 

For 30 years, perfectly coincident with lowered taxes at the top, income and assets have skewed to the top and growth has slowed. That's a long enough experiment to prove the case. This is the result of the elimination of progressive taxation and the favorable tax treatment of speculation over working for wages. If the government doesn't distribute income and assets the banks and Wall Street will. Pick your poison. Economics is just another name for politics.

 

A stupendous ideological mansion has been built that defines freedom as exactly what we have now. Goldman Sachs running the Treasury. I don't know why all the carping about it. It puzzles me.

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