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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (6791)	11/7/2002 9:16:02 PM
From: Sam Citron	Read Replies (1) \| Respond to of 95617

OT Cutting taxes is what Republicans tend to do. I would not necessarily trust this administration to do so in a manner that is most equitable or efficient, however. I will never forget Bush's explanation of his first tax cut. Federal, state and local governments are all facing huge and unexpected deficits. I'm not fond of lotteries, myself, but think this industry has an extremely bright future. If you ask me, there is no reason there should be a capital gains tax collected when I shift money from one security or fund to another. It distorts the efficient allocation of capital, which is the beneficial social purpose of what we do as we try to make a profit. My 86 year old mother has accumulated a portfolio of stocks over a lifetime of investing that her advisors inform her she cannot even touch because of the inordinate capital gains. Instead it is a literal death wait for "stepped-up basis". The Republican solution: simply eliminate all estate taxes. I happen to think that solution goes a bit too far. Capital gains taxes encourage socially benevolent philanthropy. And total elimination encourages excessive disparities of wealth and silver spoon decadence IMO. [Disclosure: long GTK, and getting longer by the day]