WSW: Louis Rukeyser's Wall Street Summary & Discussion $treet: Re: 7-26-02

» F111Star - Re: 7-26-02

In response to message posted by SteveT:

IMHO, McManus raised a point that needs serious consideration: federal and state income taxes should be eliminated on dividends that flow from stocks held for at least one year. This would create healthy pressure on Corporate Boards to give back some of the profits to loyal shareholders. This in turn would add to the pressure for transparent accounting that CEOs and CFOs are now experiencing. Unfortunately, the class warfare lovers in government will resist such a straightforward change in favor of more grandstanding.........

-- posted by F111Star