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To: Gersh Avery who wrote (21049)	7/25/1999 1:45:00 AM
From: 10K a day	Respond to of 99985

Yikes... Gersh... LOL! Could you do that more often... LOL!

To: Gersh Avery who wrote (21049)	7/25/1999 4:31:00 AM
From: Berney	Read Replies (4) \| Respond to of 99985

*OT* Well stated Gersh Dude!!! I've made a living for almost a quarter of a century preparing tax returns and have all the credentials (i.e., CPA, Masters degree in the subject, etc.) If any of my clients did their accounting in the manner the government does, they'd face significant legal bills for fraud charges. The fact that there is even a discussion of how to spend this deficit is a joke! It was not long ago that Rubin indicated that an increase in the debt ceiling would probably be necessary by 2001. I will be the first to rejoice in the elimination of my profession as it adds absolutely no value to society. We are a consumption based economy. The only logical answer is to tax consumption with a national sales tax. You spend it, it's taxed; you save it, great. In this manner, corporations and individuals, rich and poor are put on an equal footing. However, contrary to the prevailing mood, there is a catch. You cannot take it with you and there is a reason that hearses don't have luggage racks. The estate tax (without all the holes) is of paramount importance to ensure that the concentration of wealth does not get out of hand. So, you can spend it and it is taxed, or you can save it and its not; but, you cannot take it with you at death. In my concept, there would be no gift tax, as history demonstrates that the bulk of the recipients will spend it, and you can give it all to a charity at death; otherwise, the government says "thank you". The problem with this scenario is that there would be little reason to spend $5 million dollars for a vote in the House of Representatives (joke), but isn't this much of the problem. As I've stated, we've had taxation without representation and had the Boston tea party. Now we've had a couple of hundred years of experimenting with taxation with representation. Might I suggest, that it is about time that we try a new experiment -- no taxation, and I'll leave it up to others to decide if with or without representation is best!!! In the meantime, the finance minister to Louis XIV stated it best -- the art of taxation can be likened to plucking a goose; the idea is to get the most amount of feathers with the least amount of squawking. It really is a silly discussion. Berney