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To: Ridi J who wrote (3410)7/30/1998 12:59:00 AM
From: ed  Respond to of 21876
 
Greenspans really made Bill Clinton a happy man. By talking down the stock market, there will be a lot of budget surplus this year. The panic selling in the stock market, which means huge capitol gain tax income for the federal government this year !!!!If Green did not talk down the market, then there won't be panic selling to
lock the profit and no capitol gain tax for Federal !!!!

Just like the "no capitol gain tax if you sell you major residential house" trick ,
it is also a game to increase the property tax base. Lots of folks bought their houses thirty years ago, and their base of property tax is far lower than the current market values of their properties. So, by encourage those folks to sell, he new owners
will pay a lot more tax with higher tax base, i.e higher property values.

The government is really smart !!!!!!