I think we need a forum with memorable quotes, xflat, hope you don't mind being the first. I thought it was spot on. Please add your favorites everyone. I would prefer original quotes attributed to et posters not regurgitated stock market wisdoms. ---------------------------- "First of all itâs the internet so itâs assumed you did well today and every day. Secondly itâs the internet so itâs assumed you retired at 45 or earlier." quote from --- xflat2186
A classic rant from $RM$; Rearden Metal "Consider today's patriot act, prohibition laws, rampant frivolous lawsuits, Bill of Rights desecrated daily (for the children, of course), and a U.S. government growing at 4% every year, (inflation adjusted) on the path to full blown fascism. A wealthy U.S. citizen who keeps his entire net worth in U.S. dollars at U.S. financial institutions is just begging to get bent over and pounded like a rented gerbil. No wonder gold prices have nearly doubled in the past five years."
Maverick74 Registered: Mar 2002 Posts: 6497 12-06-05 09:21 PM Let's put tax cuts in terms everyone can understand. Suppose that everyday 10 men go to PJ's for dinner, The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59. The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. Since you are all such good customers, he said, I'm going to reduce the cost of your daily meal by $20. Now dinner for the 10 only costs $80. The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal. The restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay. And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings. "I only got a dollar out the $20," declared the sixth man pointing to the tenth, "and he got $7!" "Yeah, that's right," exclaimed the fifth man. I only saved a dollar, too. It's unfair that he got seven times more than me! "That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks." "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor." The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short! And that, boys and girls, and college instructors, is how the US's 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 at the table anymore. There are lots of good restaurants in Switzerland and the Caribbean." Atticus later mentioned we should give credit to Ron Adams from Lakeshore.
Gotta love Mav's description of taxes. Now, being from Vegas: "The less you bet, the more you lose when you win" Not brilliant, and kind of old, but it's a boring Bernanke day anyway, LOL. Don
I am long on this stock and i pray hard each day things are turning around. -- author unknown (if anyone wants credit for this quote, feel free to step up) (meanwhile, back at the ranch, I've been praying for a new toaster.)
I've seen things you people wouldn't believe. Attack ships on fire off the shoulder of Orion. I watched C-beams glitter in the darkness at Tan Hauser Gate. All those moments will be lost in time like tears in rain. Time to die. Roy the Cyborg- Bladerunner http://apod.nasa.gov/apod/image/0202/orion_gendler_big.jpg -the Great Nebula in Orion "All those moments will be lost in time like tears in rain."