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Reply #16: This is why corporate profits are up and personal debt is too. [View All]

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AP Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-04 01:01 PM
Response to Reply #13
16. This is why corporate profits are up and personal debt is too.
We are transferring the wealth of this country, produced by the labor of people who have little more to give than their own labor, straight to the top, passed on to corporate insiders in dividends and stock options creating capital gains taxed at 15%, while Americans pay their income taxes of over 30% with credit cards, and we go into debt, and pay interest on the debt, which is more profit for the banks.
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