[PRCo] Re: Revenue___Stream

[John Swindler]

(I'm debating whether to take this off list, Jim.  Probably should. Next 
time)


>Jim Holland replied to:
>
> > I was surprised at drop in corporate taxes past couple
> > years.    And even personal income taxes dropped two years
> > ago.    It's not a case or reallocating a growing pot of
> > money.    It's a fight over a shrinking pot of money.
> > And it looks like education and medical assistance
> > might be coming out ahead in that fight.
>
>	I Am Surprised that No One expected a drop in taxes let alone
not seeing the same.    Dow Theory  CONFIRMED  a Bear Market in  APRIL--2000 
    ----    That is  THREE--(3)--YEARS  Ago ----    and we are still in the 
same Bear Market.    This means a bad economy is on the way.
>

It's not like people had to experience a brilliant moment of inspiration.  
It was from news articles that I picked up that there would be a 1-2 year 
delay from the stock market peak in April 2000, to a drying up of tax 
receipts from capital gains.  Also commentary that businesses were generally 
having a hard time, were not investing as much, and frequent reports of 
layoffs.  And I wasn't making any effort to track this sort of stuff - just 
commentary I blundered into by dumb luck in occasional daily newspaper.  So 
yes, Jim, I concur with your assessment.  People have seen this coming for 
past 24-30 months.

About 1.5 to 2 years ago the state legislature changed the pension system. 
At the time, thought that, as a state taxpayer, that was a dumb move because 
the pension savings were invested, and stock market was declining.  But as a 
state employee, thought that if legislature wanted to take care of 
themselves, then I'd go along for the ride.  Which is another way of saying 
that guess I'm no different or better or whatever term you want to use - 
then anyone else.

The connection to this list??  It's background to PAT's current predicament. 
  What I need to do is find is an article on PAT's recent labor settlement, 
which can then compared with the recent wage settlement in Denver, then let 
people draw their own conclusions.  What happened in Denver is a shocker.

>
>	The U.S.A. has absolutely the Lowest Savings Rate on this Globe.    We 
>also carry the highest Debt Load on the Globe --  M-A-N-Y  Americans have 
>2nd, 3rd Mortgages and Credit Cards MaXXXed Out.    Debt seems to be 
>identified as an Asset in the U.S.A.    Corporate Fraud is rampant and if 
>we were able to see the Tax returns of corporations, we might find they 
>differ substantially from figures reported to the SEC and Stock Holders.
>


Thought I read recently that there were over one million personnel 
bankruptcies last year - or maybe that was the forecast for this year.  
Anyway, can't all be due to medical problems or layoffs, or misfortune.  
Suspect that many people just can't say NO to themselves.  And to plagiarize 
another person's comment:  organizations tend to be a reflection of 
individual values.  Hey, are we back to PAT again??

John

p.s.  It's not even a suspicion, Jim.  Just wondering how many will take us 
to task for straying from Pittsburgh Railways.  Should we apologize now or 
later????

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