Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Sonny McWilliams who wrote (26894)	5/2/2001 4:48:19 PM
From: William Hunt	Read Replies (2) of 27012

Sonny ---Comments on the tax cuts : 1)People that received tax cuts should be people who pay taxes ---50 % of the the people in the United States do not pay taxes ---a fact 2)Do not believed in passing the money on from one generation to another without some distribution of wealth ---if this does not happen we create a gentry class in this country 3)The majority of the tax cut should go to reducing the tax rate tables( unless the economy start going again we might come back and to have to raise taxes ) 4) should not be used as a rebate on Social Security taxes ---everyone should pay for their own retirement ---if not they should get a job 5) wish more of the cut was use to increase contributions for IRA's and 401k ---help people save and the economy grow We both believed in the same message ---it really is how you massage the numbers . I like the way Congress and the administration came together on the budget ---5 % increase overall is reasonable Energy ---talking about a regressive "stealth tax" on the economy . The cartel and the lack of competition in the oil industry is really something to watch . Read the article I posted on Cheney and Energy in the TIME magazine this weekend . I am not to worried about the electrical issue nation wide ---we can fix it and enhanced it since it us under our control ---we just need a focus and an energy policy . By the way nuclear power per CNN costs .5 cents per kw to generate ---dirt cheap ( Japan and France generate almost all of their electrical needs by nuclear power ) . Oil is a total different animal ---Cheney on TV with Larry King live said we will be importing 66% of our oil by 2010 unless we do something . The first step would be to go back to a free market supply system or either put in a national policy to reduce oil imports and force the American public to look for alternative sources . If we could eliminate oil we would reduce our balance of trade deficit by half Good to have you back BEST WISHES BILL Stocks I own ---NT,QCOM,EMC,AMCC,JDSU ---dumped TXN

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