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Technology Stocks : Intel Corporation (INTC)
INTC 42.61+6.5%Jan 7 3:59 PM EST
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To: Robert Douglas who wrote (71680)1/20/1999 3:35:00 PM
From: Jim McMannis   of 186894
 
Robert,
RE:"Hey, here's an idea. Cut capital gains taxes and let us invest our
own money in ideas that we think add real wealth to the citizens
who make up this country."

Nah, you are too stupid to invest your own money. The government can do it better.
Signed-Bill Clinton
<G>
----

Actually, I've always said that having to pay capital gains taxes puts the individual investor (outside the IRA etc.) at an extreme disadvantage to one who doesn't pay it. Both mentally and monetarily. Pensions funds and Mutual funds that just pass it through. Now you are saying that the Government could sell without paying cap gains tax? Can you imagine having to deal with that?
This is scary. This sounds like another way for they to just funnel even more money into their control. I agree.
But you see, if they can convince enough people that their stocks will go up it might be looked at favorably by the Congress.
Oops, there goes the trap door again.
----

Hey here's an idea. The government starts investing your cap gains tax. The market goes up. So guess what? They decide that they will raise your cap gains tax so they can help you out by making the market go even higher. <G> not really putting it past them...
Jim
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