thegreatcrash.com press release

[Apsken at aol.com]

Official Wall Street doctrine declares that dividends are bad because they 
are taxed as ordinary income (up to 39 percent for wealthy stockholders), 
whereas using the same money to buy back stock causes the stock to gain in 
value, with tax on the gain, if held for at least one year before sale, being 
limited to 20 percent. By refusing to pay dividends, corporations are further 
enriching shareholders. This is another aspect of the New Economy, one that 
sheds interesting light on the idea that everyone benefits from stock 
ownership.

Ken Lawrence


> We don't believe in dividends anymore. They're so 20th century! So 
>  bulky and dull - not at all in tune with the weightless, free agent 
>  New Economy. I mean dividends were ok back when stocks were risky, 
>  but now that we know they're no riskier than Treasury bills, who 
>  needs a quarterly check?
>  
>  Doug