Ferrari Mailing List: Re: Are Ferraris Losing Their Good Looks?

[Michael James (cavallino_rapante]

I won't deny that there's a growing animosity brewing between the 'haves' and 
the 'have-nots' in this country, but its hard for me to sympathize with a 
socio-economic class of people who:
 
- are growing in numbers, both in the number of newly-minted Millionaires and 
Billionaires
- are growing in amounts/share of global wealth they personally hold
- aren't complaining or asking for relief from this situation
 
These are facts regardless of political persuasion.
 
For me, its a waste of bandwidth to 'come to the aid' of folks who don't seem 
to want or need defending.  Every time I read of T.Boon Picken's exploits, he's 
made another $100 Million, he certainly isn't looking for a shoulder to cry on 
(Kerkorian might, but its his own fault and he knows it).  They're doing well, 
they continue to do well, and they'll do well in the future.  The pages of 
DuPont Registry aren't getting any thinner, Ferraris in US markets still have 
multi-year wait lists, and the one segment of the Housing market that is still 
VERY robust and healthy is the upper-end.  Plenty of money there, and its being 
enjoyed and spent by the people who earned it.  Let's all put-away our kleenex 
and pitch-forks.
 
The US tax structure has a ways to go before it approaches taxation levels of 
Europe, Canada or most other countries of the world.  Where ya gonna go that 
offers more financial opportunity?  Perhaps an Arab country that has socialized 
its natural resources to support its citizens?  You'll be leaving many of your 
Liberties/Freedoms you enjoy now at the door...your politics and your religion 
might not be welcome in your new country-of-residence, either.  But if all of 
that means absolutely nothing to you in an effort to preserve 0.6% of your 
income, by all means.  Freedom isn't 'Free', expecially when 'We The People' 
are spending $10 Billion per month to establish it in Iraq.  Feel free to 
lecture all the soldiers, sailors, Airmen and Marines out there about how 
painful the Gas Guzzler tax is on the purchase of your Ferrari.....
 
And now I'm done ranting.
 
M

--- On Wed, 11/12/08, LarryT <l02turner [at] comcast.net> wrote:

From: LarryT <l02turner [at] comcast.net>
Subject: Re: [Ferrari] Are Ferraris Losing Their Good Looks?
To: cavallino_rapante [at] yahoo.com
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Wednesday, November 12, 2008, 11:29 AM

Hey Michael -  Hope you're having a good week -

You're right - it doesn't have anything to do with the way
Ferrari's are designed - and I won't say anymore about it whether you
respond to this or not. -

well, if you don't care - you obviously have enough money to not have to
worry about it. -  *will* it bother you at some point?  Because you may see
these kinds of fees rise in the next few years -
BTW, it could be turned into a yearly fee with the stroke of a pen -

May as well send me $10000 or $20000 - I deserve it as much as the govt.
.
Well- at least you got a good laugh from my posts  ;-)

Take care -
Sincerely,
Larry T  (74 911, 91 300D 2.5T)
www.youroil.net Oil Analysis Kits &
Porsche Posters/Weber parts
.
----- Original Message ----- From: "Michael James"
<cavallino_rapante [at] yahoo.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Wednesday, November 12, 2008 11:05 AM
Subject: Re: [Ferrari] Are Ferraris Losing Their Good Looks?


When you're ready to compare the GAINS attained by that top 5% in the past
several years in relation to their tax burden, you would note that the top 5%
still increased their profits/wealth overall - they have not lost money because
of Uncle Sam. Nor will they lose money with a 0.6% increase - gains made by that
top 5% far surpass their US tax burden, as many in this tax bracket have taken
their business ventures global. Ask Kirk Kerkorian or Warren Buffet if
they're worried about the IRS....these folks make/lose huge sums money
through other activities completely unrelated to their tax bill.

Are you suggesting we suspend Democracy in order to protect the top 5%
financial earners? Certainly 'the Rich' are capable of making their case
to politicians and the voting electorate regarding their plight in today's
economic situation. Those folks are smarter than your and I on so many levels
when it comes to finances, many of them voted in-support of the upcoming
administration. I'm sure they had their reasons - reasons you may not be
privy to.

BTW, what does any of this have anything to do with Ferrari designing by
Windtunnel instead of imagination??? Just curious....



--- On Wed, 11/12/08, jashburne [at] aol.com <jashburne [at] aol.com> wrote:

From: jashburne [at] aol.com <jashburne [at] aol.com>
Subject: Re: [Ferrari] Are Ferraris Losing Their Good Looks?
To: "Michael" <Cavallino_Rapante [at] yahoo.com>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Date: Wednesday, November 12, 2008, 10:35 AM

This is the problem with a "soak the rich" philosophy.  Already we
have accepted a very progressive tax structure in which the top 5 percent of
earners pay half or more of total tax revenues and the bottom 45 pct pay no
income taxes at all.

When the president elect says that increasing the top tax rate from 36 pct to
39.6 pct is only "chump change" to a million dollar earner when it is
really a tax increase of $36,000 a year, this country is in big trouble.

This is dangerous because politicians don't care about losing 5 pct of the
vote when they can promise tax cuts or checks to the other 95 pct.

There is a limit to how far the government can force fewer and fewer people to
carry more and more of the tax burden and we may be approaching it.  If we are
careful the most productive sectors will leave and this economy will spiral
downward.

Rant off

John
------Original Message------
From: Matt Boyd
Sender:
To: jashburne [at] aol.com
Cc: The FerrariList
Sent: Nov 12, 2008 8:47 AM
Subject: Re: [Ferrari] Are Ferraris Losing Their Good Looks?

Right!  They're rich enough, so we should just extract the $$ from
them.  If they can afford a gold stripe, they certainly should pay
some money to the government!

:-?

-matt
'85 euro 308....with no gas guzzler fine...

On Wed, Nov 12, 2008 at 4:23 PM, Michael James
<cavallino_rapante [at] yahoo.com> wrote:
> LOL, you're funny Larry.
> 
> NEVER have I heard someone wanting to buy a new Ferrari walk into a
dealership and go:  "Damn, I could 'just' afford a new 430, but I
can't afford the car with that Gas Guzzler tax added on!  My dreams are
over, I'm going to have to go buy a Buick now.....Damn those Washington
Socialists, boo-hoo.....sniff..."
> 
> Please - buyers are spending several thousand$$$ extra to have those gold
stripes painted on their Scuderia's hood to match the color of the rims and
have the seat-stitching threads contrast the seat leather.  Do you think any of
these 'extras' make the car go faster?  These folks don't care
about
the money, good for them.  Care to guess that the California won't sell
well, even in this economy?
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