The Stakes Of Electoral Politics

jf noonan jfn1 at msc.com
Wed Nov 8 22:48:33 PST 2000


On Wed, 8 Nov 2000, Brad DeLong wrote:


> R. Emmett Tyrell is an expert you trust? On anything? Clinton's
> upping the top-bracket tax rate was governing in the interest of Wall
> Street and the Fortune 500?

He left cap-gains alone. That would hurt the class in question much, much, more. His increase on income tax will hit the petty bougies and profesional classes (like me (and no, I'm not crying)) but not The Captains, Majors, and Lt's of Industry. They cash in those stox at 20%. The same rate (or less!) the asst mgr at the local Safeway pays.

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Joseph Noonan Houston, TX jfn1 at msc.com



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