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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: Nathan L. who wrote (1982)6/27/1996 1:22:00 PM
From: Paul Engel   of 186894
 
Nathan -

I don't hold out any hope of any serious tax reforms in the near future.

The priority of our elected officials is to get re-elected. All other considerations are either secondary, tertiary, or non-existent.

In an election year, voters count. Corporations, as entities, do not vote. I would find it difficult to believe that any one will get significant "voter benefit" by going to the wall for corporations.

You stated that "the importance of companies such as Intel...", etc. Well, during the other industrial periods, I don't believe special tax breaks were afforded, on a general basis, to the AUTO industry, steel industry, etc.

Our government seems to think that in general, taxes are levied for the purpose of equalizing wealth - taxing those that earn and produce and distributing that hard earned wealth to those that choose not to contribute to this process.

There are a lot of these "receivers" of tax money. Ostensibly, these are voters. Tax reform ideas will be floated out in order to attract these votes. The news media likes to refer to this as "PANDERING".

Paul
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