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Technology Stocks : Intel Corporation (INTC)

INTC 41.14

-3.4%

3:59 PM EST

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To: Jim McMannis who wrote (164871)	5/3/2002 4:07:29 PM
From: TGPTNDR	Read Replies (2) of 186894

Jim, Re: <Part of the economy needs a tax hike and part needs a cut. This is not AGs fault but due to some irresponsible targeted tax cuts by Congress.> ================== IMO, any use of the tax code to promote(or lessen) economic activity in one area as opposed to another should be approached with caution. I'm in favor of the EXTREME simplification of the tax code. (No corporate tax, flat tax, No tax under $30K earnings, Give-backs under $30K, no over-all state give-backs as a policy.) The Congress is, IMO, too biased(individually and collectively) to be allowed to have a say in tax code creation. Their allocated powers were OK back when taxes were externally raised, but there is no longer any way any member can say he/she is un-biased by the vote. And the vote is inevitably toward the two extremes of ownership and pork. =============== Re: <There is little left to cash out there. Most everything is down except Oil and Gold stocks. So raising cash is kind of painful for a lot of people.> Back in the fall of 2000 I talked with a friend. He'd taken out a second mortgage back in late '99. Put it into the stock market. A good part of it went into CMGI. As it went down he bought more. Around March(01) we talked. His wife didn't know he had the mortgage. She didn't know he was on margin and under-water. I told him no matter what it takes you have to get out. He did. I've another friend who still holds over 1K shares of a position(in CMGI) established around 5 years ago. A year ago, when we talked, he said he would be an agressive buyer if he could. ======================================= As I write this I'm under water ~$5.00 for a good chunk of AMD. And thinking about buying more. Hard to change bad habits. tgptndr

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