Replies to post #52557 on Biotech Values

[nivasvs]

OT - Taxes (lumpy9200 very well said)

<OakesCS...the very fact that you are implying that all "lettuce pickers" or those in the lowest tax bracket engage in the activities listed above is appalling. As I would seriously hope you are aware, there are many hard working individuals who simply didn't catch a break in life and don't make the type of money that you apparently do. Sure, there are some who never tried and therefore are not successful....much like there are plenty who were born with a silver spoon and are successful without ever having tried.>


What most people don't try to understand is that not everyone is born with same mental ability, or intellectual ability. It is more like comparing 'beauty' with 'ugliness'. In both cases it isn't the greatness or fault to beautiful or ugly, respectively.

Why don't we say the same thing about those rich [eople kids who inherit obscene amounts of fortune which for which they haven't done any thing to inherit?

It is sad to see lumping hard working good people with some lazy asses.

[OakesCS]

OT- wealth redistribution

Lumpy,
you are free to imagine that I implied something that isnt there.

You are also free to imagine that by raising taxes it will help some poor waiter/waitress. However, the market doesnt work that way. Nobody needs to go to a restaurant, consequently waiters don't command high wages. But in your imaginary world - why would the waiter strive to be successful if he knew he was going to be financially punished at the point of achieving that success?

The educational system in the US is a good example of how raising taxes and the percentage of non-merit based federal assistance packages has not improved the system. The growth rate in university fees has outstripped inflation and student population growth rates but does a good job of keeping up with increases in govt 'need-based' aid and tax breaks. So who was supposed to get the benefit - the professors and university administrators or the students and their families? And BTW - i paid most of my own way thru college on 9% interest loans and zero tax breaks on those loans. Everyone in my family has had to bust their asses to get ahead and stay there. What we really hate is the changing of the rules routine and folks who think that success should be punished rather than rewarded.

legislators have a poor record in social engineering.

cso