Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: William Hunt who wrote (26898)	5/3/2001 3:59:32 PM
From: Sonny McWilliams	of 27012

Bill. I just have one sec. Estate tax. I don't care if the tax cut would amount to all the money in the world. Not counting the increase in value of those estates, property that is, those RICH people already paid their big share of income tax on the money they have. As far as the property value is concerned, it will be a cap gain once it is sold. Those RICH people who think the estate tax repeal is not a good idea can donate the money in advance to the GOV. Bill Gates and wife supposedly are donating most of their money to charity once they leave this world. That's their right but not every one wants to do that. I am sure lots of those very wealthy people will continue to donate plenty of money. It should not be a forced thing. I have one idea though. When buying estates etc. put a limit on how much you can deduct on your taxes. I do feel that we should not subsidize the very rich. How about a cap of 500,000 and adjusting it to inflation. Let's see how those same rich people will jump then. I would not include business property in the above limitation. I got to run and did not have much time to think this message through. So, maybe I overlooked something here. What a lousy market today. Those brokerages will never be happy unless they get plenty of commissions. Upgrades, downgrades galore. The DOW came back some but the NAS took a hit again. I guess we can put up with this if it does not continue that way. A market never goes straight up. Oh well. Sonny

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