George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: Labrador who wrote (5088)	10/22/2000 5:15:20 PM
From: Dee Jay	Read Replies (2) of 5853

what an incredible CROCK of s**t! The biggest "tax" of all is inflation and the Clinton-Gore years have seen a massive cut in that pernicious tax. The results are so palpable - you save $$$ on your mortgage interest, the government is not competing in the capital market and therefore capitalists have the means at lower cost to innovate and create new technologies and such things as the infrastructure required for this New Age of Communications. If massive tax cuts means that the National Debt (quadrupled by the huge tax cuts and massive increased spending by Reagan-Bush - remember "read my lips"?) won't be paid down interest rates are going to rise again and you will have your spendable income cut as a result. He who doesn't learn from history is doomed to repeat it. I have a lot of respect for Gilder in certain areas but he has gotten past his intellectual capacity with that article - waaaay past, IMHO. Idiot Savant Syndrome, methinks. Dee Jay

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