Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Texas Instruments - Good buy now or should we wait? -- Ignore unavailable to you. Want to Upgrade?

To: bundashus who wrote (3031)	2/11/1998 9:06:00 AM
From: jad	Read Replies (1) \| Respond to of 6180

Trouble today? Merrill Lynch's chip guru Tom Kurlak is making more negative comments on the semiconductor sector, particurly the DRAM makers. Questions run up in stocks amid a December decline in chip sales. On the DRAM front, says expects prices to fall another 20%-30% from March to July. Specifically dislikes LSI, Micron, and Texas Instruments. Has a $20 downside target on Micron (MU 37).

To: bundashus who wrote (3031)	2/11/1998 9:29:00 AM
From: JMD	Respond to of 6180

bundashus, your One Tax Theory has potentially devastating economic consequences--I predict immediate depression as tens of thousands of legal and accounting tax partners are thrown out on the street looking for work. If you eliminate distinctions between earned and unearned income, long and short term cap. gains, what will happen to the Internal Revenue Code? Shrink, it will shrink I tell you, and then? Then my friend, you and I might be able to understand it and fill out our own returns. What a wonderful idea, sigh, ain't never gonna happen. Other than than that, I agree with you completely. Regards, Mike Doyle

To: bundashus who wrote (3031)	2/11/1998 9:29:00 AM
From: otter	Respond to of 6180

Off topic - taxes on gains. The government taxes incomes from different sources differently because it can. Why does it do this? Because the government - any government - whether controlled by Democrats, Republicans, Libertarians, Communists, or any other ideological group uses its power to tax to enforce social policy; rewarding those actions, behaviors and groups it favors; and punishing those it doesn't. Somewhere in there is the basic requirement to raise $ in order to keep the government functioning and funding for social and other programs alive. Therefore, if taxes are reduced in one area, taxes need to be raised in another. Under that circumstance, why shouldn't short term gains be taxed at a different rate than long term gains? If the social policy of the government is to treat short term (who defines THAT?) capital gains more like income derived from labor; and long term gains as something else, WHY is that wrong? The long and short of it is that if short term gains were to be taxed at the same rate as long term gains, then any reduction in taxes from short term gains would need to be made up from someplace else. Who do YOU want to punish? A few years ago, during one of the budget battles and tax hooraws in DC. A little ditty was published, attributed to a senator who I'm sure got it from someplace else. At the risk of plagerizing - inaccurately - at that - it went like this: Tax not me. Tax not thee. Tax that person Behind the tree.