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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: SI Dave who wrote (89043)1/3/2005 12:11:43 AM
From: rrufff  Read Replies (1) of 122089
 
Dave - good chance that the estate tax will go away as it's high priority for the Prez. I'm hoping that they do a $10 million exemption and tax the billionaires with their charitable foundations and eliminate benefits of trust for the extremely wealthy. Would actually raise more money than the current system and $10 million is enough for most families <gggg>. Let those kids work if they need more than 10 mill.

As for your comment about insurance bets on death, reminds me of my insurance professor. He offered that those who bought life insurance tended to live somewhat less in years than those who bought annuities. He suggested that those who buy annuities want to live longer to keep the payouts and, those who buy life insurance, are betting as you suggest, that they will croak.

I don't know if his stats are true or not and it was about 30 years ago, but it impressed everyone in the class.
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