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Politics : Formerly About Applied Materials

AMAT 323.62

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2:08 PM EST

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To: Fred Levine who wrote (42503)	2/22/2001 2:44:36 PM
From: daryll40	Read Replies (2) of 70976

I have thought long and hard about the estate tax thing and already was involved in a family estate that paid that damn tax on an estate of a couple who saved their whole lives and lived frugally. That being said, the estate argument is the same as the antitrust law arguement. Up until now I've never met a tax cut I did not like and my friends swear that Rush Limbaugh calls ME for advice. But, surprisingly to many, I think that our system DOES NEED checks and balances so that the concentration of wealth does not become too tight. So I support retaining a modified estate tax...say on estates over $2M per person with an inflation kicker so that this exemption automaticaly rises with the CPI. If they retain it, then the step-up in basis should also be retained. Buffett and Soros et all are right. The income tax cuts should happen, however, as quickly and as much as possible.

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