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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: DON SIPPLE who wrote (21048)	7/25/1999 2:05:00 AM
From: James F. Hopkins	Respond to of 99985

Don Thanx; But I made a mistake in my post, and it was to late to change it as the window closed, it was on the Cap Gains tax, I left out the word CUT , if they cut cap gains the fixed income people get hurt, they don't talk about how it effects the low interest bonds that people were suckered into buying because they promised them that would be tax free. ( widow and orphan type funds that pay out a dividend usually deal in these,) They fall like a rock when cap gains is cut, it's the same as stealing their money. You cut one place and where do you make it up ? THe ones who make the most on a cap gains tax cut are the big brokerage dealers that have their privet "war" rooms where they trade stocks, and while they don't want front running on the Floor of the NYSE don't think for a min if you in with a broker who has a war room that your orders don't get front ran. They know damm good and well what a cap gains tax will do to the low end bond market. They got away with it once already and should have to pay back all thoes people who got ripped off. I own a few tax free bonds and I know as soon as they cut cap gains no one will want the bonds, & they will lose value big time so it's the same as taking money right out of my pocket even before the tax cut could happen, man I want to chop their no good rotten dirty filthy heads off they can't be that stupid they already haver the cap gains below the income tax rate, and thats an outrage. This is goverment by the rich for the rich and I've seen this show before. ---------------- Any way a cut because we are supposed to have a surplus is pure puss. If we are to cut taxes it's simple we have to cut expenses start with taking back that raise they just voted themselves, after all they said we didn't have any inflation. --------------- Outlaw the pork barreld politics they have in place. Cut back on foreign aid , which by the way is seldom given to them who need it but goes state into the hands of criminals who then kick back to the power brokers. ------------------ Change S.S, back to what is was meant to be a safty net, ( an insurance policy ) not some entitlement program millionaires are the first ones to suck on. Means testing for S.S. could reduce the S.S. tax by 75%. But I do want to add as hard as I am critical of CreemSpam I could kiss his bald head for making it clear he opposes putting it into the stock market. Once the government starts putting TAX dollars into the market then the system is shot it's not one drop better than communism if as good. You are being forced to invest in the market like it of not, on top of that you wont have a say so on what in. There will be no end to the corruption that it will bread. -------------------- The wall street crooks have already arranged to get many states to do that, & it's pure crap. What the hell are they doing putting in what they call retirement money in the market, to start with they don't have that money except on paper, it's slight of hand book keeping based on taxes they haven't even collected, and may not collect if the economy goes sour; it can turn the whole State or even the Nation into an Orange county type fiasco. Those types need to be tarred and feathered and we need to rent some land in Siberia from Russia to send them to..for life. Jim