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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (4376)	11/1/2016 10:10:08 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26508

Yeah, couple of turds circling the drain. I heard Clinton (in a Kaine or Biden stump speech I think) will pay for free college by eliminating the stepped up basis for capital gains on death. I guess they lost the farm states so they don't care families will have to sell farms and homes when parents pass... What we really need to do is index ALL capital gains to inflation then tax gains above inflation at the regular rate. And then we have the HUGE appreciation some of us have in our homes that means we'll never sell as the 13.3% CA tax plus the millionaire's penalties from Obama means 35 or 40% of the gains evaporate to taxes leaving not much left to downsize without moving from a top neighborhood to a far less safe neighborhood... Anyway, I think the market is down because Trump is making a run in the polls.... The market I think wants a set of rules it has learned to prosper under and may explain why I'm not too uncomfortable if we get another eight years, as long as the GOP holds the House. (I'd like them to take the Senate so we can at least try to get a full Supreme Court again.)