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To: michael97123 who wrote (48637)8/23/2000 4:28:55 PM
From: Jim McMannis  Read Replies (4) | Respond to of 74651
 
RE:"There have been groups left behind--young 2 earner marrieds, the elderly middle class burdened with drug bills for example."

You'd be surprised to know that the majority of wealth is concentrated in the "senior" generation...
You are correct about the young marrieds and the younger generation getting left further behind. The gap between the haves and haves nots particularly in real estate just got widened with Clinton and Congresses tax break on selling of a home....as real estate prices now accelerate...home ownership becomes that much harder for the younger generation...
This break rarely gets mentioned but it will go down in history as one of the largest give aways to the "rich" in history.

Jim



To: michael97123 who wrote (48637)8/24/2000 5:50:55 PM
From: Yogizuna  Read Replies (1) | Respond to of 74651
 
****OT**** A very reasonable answer, but I have little faith in our current crop of politicians, and expect them to find a way to spend almost every red cent that comes their way, sticking Americans with extremely high tax rates as far out as the proverbial eye can see..... I say that Americans should have the right to spend, save or invest more of their own money as they see fit. Yogi