*Some* of that criticism of the Repubs is deserved, I think -- Bush was tight with oil interests, which is okay, but he allowed further deregulations which basically allowed companies to hide a lot of stuff from their shareholders.
Not that we're lily-white, either. The TSX (the Toronto Stock Exchange, and the regulatory bodies that regulate it) allow a rather arcane manoeuvre, the details of which I won't get into because of their complexity, which allow senior executives to appear in annual reports to be holding stock when in fact all they own are the votes associated with that stock -- the stock is effectively owned by banks who have bought short positions against the stocks as backup when the inevitable burst comes but in the meantime the managers get to vote themselves hefty salary increases and "performance bonuses". Our tax philosophy is that the difference between tax evasion and tax avoidance is that you're allowed to structure your affairs in such a way as to avoid paying any more tax than you have to. Evasion, besides the usual definition, includes any manoeuvre which is set up for the *primary* purpose of avoiding tax, however, a bit of a grey area that it seems our tax officials are afraid of, or are underfunded, to try testing. Maybe they're afraid of slicing the top off of most of the TSX 500 companies :-/ Dan R Allen wrote: > Marc: > I don't care whose watch they were codified under -- they're still laws > which > allow for unlawful transfer of property. > > Dan: > Oh, I agree, but on this side of the border and prior to the elections, the > standard complaint was that the Enron debacle was the sole fault of the > Republicans. I was merely pointing out who was supposed to be minding the > store at the time. > > I agree with John that on most issues there isn't much difference between > the two parties, but the Republican party does have a few redeeming planks > left - notably the charter violation issues, while the Democratic party has > none. > > Dan R Allen wrote: > > > "John W. Redelfs" wrote: > > > > > For instance, to me a "socialist" is anyone who advocates government > > > redistribution of the wealth from those who produce wealth to those who > > > don't. Using that definition the Democratic party is definitely > > controlled > > > by socialists. But then using that definition, the Republicans are > also > > > controlled by socialists. So what's the difference except in rhetoric? > > > > > > > Marc: > > Such as laws which allowed the workers of Enron to have their pension > funds > > robbed > > by the big brass.... > > (sorry, I couldn't resist, although I'm sure John would actually agree). > > > > Dan: > > But weren't those laws modified under Clinton's watch? The robberies > > certainly were... > > > > > ////////////////////////////////////////////////////////////////////////////// > > > /// ZION LIST CHARTER: Please read it at /// > > /// http://www.zionsbest.com/charter.html /// > > > ///////////////////////////////////////////////////////////////////////////// > > > > > ////////////////////////////////////////////////////////////////////////////// > /// ZION LIST CHARTER: Please read it at /// > /// http://www.zionsbest.com/charter.html /// > ///////////////////////////////////////////////////////////////////////////// > -- Marc A. Schindler Spruce Grove, Alberta, Canada -- Gateway to the Boreal Parkland “Man will occasionally stumble over the truth, but most of the time he will pick himself up and continue on” – Winston Churchill Note: This communication represents the informal personal views of the author solely; its contents do not necessarily reflect those of the author’s employer, nor those of any organization with which the author may be associated. ////////////////////////////////////////////////////////////////////////////// /// ZION LIST CHARTER: Please read it at /// /// http://www.zionsbest.com/charter.html /// ///////////////////////////////////////////////////////////////////////////// ==^^=============================================================== This email was sent to: archive@jab.org EASY UNSUBSCRIBE click here: http://topica.com/u/?aaP9AU.bWix1n.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^^===============================================================
