tax burdens

[Max Sawicky]

>
>Would be zero if they followed the advice of their tax lawyers. But lots of
people don't optimally postpone capital gains liability. And for some
peculiar reason corporations do continue to pay dividends rather than buy
back their shares...>

Failure to bother avoiding the "voluntary"
estate and gift tax is also a good example.

As for dividend payments, I would have thought
you or Henwood would have solved that mystery
by now.

Here's an off-the-cuff, meatball hypothesis:
firms pay dividends to gull unsophisticated
investors who push the price up and benefit
the sharks and executives whose compensation
is tied to stock prices.

MBS