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To: dwdkc who wrote (163287)	12/18/2000 9:10:49 AM
From: OLDTRADER	Respond to of 176387

What this country needs is a very large cut or the desolving of the CAPITAL GAINS TAX .In California where I live it may as well be Russia-"the state capital gains rate "SLIDES"-it goes UP!So the more you make the higher the tax-(I took hard earned after tax dollars-put them at risk-held for four years (big time guts) and now pay a huge tax to the state of California)-the state took ZERO risk but added 50% "on top of the 20% LT tax!"-COMMIE SOB'S!

To: dwdkc who wrote (163287)	12/18/2000 9:47:59 AM
From: TigerPaw	Read Replies (1) \| Respond to of 176387

But that 5% cut might only cost 2-3% of "lost surplus" in the long run due to improved growth Now where have I heard that before, Oh yea! the Laffer curve. Still waiting for that one. TP

To: dwdkc who wrote (163287)	12/18/2000 9:19:03 PM
From: mepci	Read Replies (1) \| Respond to of 176387

dwd: I just got back from a bus. trip and leaving to South Beach for a week. I may not get a chance to reply to all the posts addressed to me before then. I will try as much as I can. I won't have enough time right now to go back to my post you are refering to. so Iwill strictly respond to material in your current post. I believe we both want discipline in our Government's handling of money, and other matters. And that Government should only collect the minimum money to conduct effective governing. The way of going about that my be we differ slightly. 1. The surpluses are there because budget office is not separating general funds and trust funds(social security, medicaid etc.). You separate them, you won't see any surpluses. It is irresponsible to say we will cut taxes by spending social security money. 2. If there is a real surplus, it should be the first order of business to get rid of national debt. 3. There are a lot of infrastructure items need to be fixed. First they need to tell us how they are going to fix these. Gore's reinventing of Government was a big joke. Only people who benefited out of that are his friends in the high priced consulting companies. 4. The President has to use line item vetoes to cut the pork barrel items attached to important legislation. In fact there should be additional laws reducing the ability of congress in attaching unrelated matters to these items. All these items has baring on our investments. Otherwise I won't waste this boards' time. If all the above are met, then a rational examination of tax system really requires us to look at the elimination of income tax entirely or at least look at a low flat tax. Feeding a peanuts to the masses only provides an instant of gratification. That is not the business of the Government. Have fun.