To: cogitator
Don't forget that all 401K and IRA money will start being pulled out of those accounts about the same time. This money that has been tax defered for the last 20-30 years will be taxed aa regular income. The estimated tax revenue is equal to the the shortfall. If the equity markets also continue to grow at the rates thay have in the past few years that money should be even greater.
To: FlatLandBeer
Just how are those equity markets going to appreciate when the money that props them up is undergoing a net outflow?
25 posted on
01/07/2004 12:51:18 PM PST by
Axenolith
(Hey, look at that little critter...Yaaaa! GET IT OFF! GET IT OFF!!!!)
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