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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: BHaulman who wrote (1063)7/28/1997 1:54:00 PM
From: Gary M. Reed   of 42834
 
BHaulman,

Yeah, you are right--things are almost too perfect. I'm expecting Saddam Hussein to roll into Kuwait any day now, or some other wacko to screw things up. Or China deciding to de-privatize Hong Kong and make all the businesses there state-owned. OR, Clinton could come out and say he wanted to actually boost, not cut, the capital gains tax rate to something like 40%, in order to subsidize his slavery reparations deal, and his $500 per child tax credit.

I'm all with BB on this $500 per child tax credit deal. I think it stinks. I'm not trying to knock people with kids, I think they're great. However, someone like myself who doesn't have kids, already pays for their schools through taxes. Now, Bill Clinton wants these parents subsidized some more, through this $500 tax credit--and it comes at my/our expense again, thru no capital gains tax relief. I will give Clinton credit--he did say that he was going to change welfare as we know it. He's changing it, you now apply for it on your Form 1040 instead of going down to the welfare office. Of course, the main underlying theme remains the same--have more kids, get a bigger welfare check--don't worry, the working stiffs of the world will pay for it.

Gary
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