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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: billwot who wrote (20516)	8/6/1998 11:25:00 AM
From: Sonny McWilliams	Respond to of 27012

billwot. CPQ. Article. biz.yahoo.com And Intc is doing great. NAZ is powering ahead. Larry Cutlov, Economist, was on CNBC this morning and blamed the down turn mostly on Greenspan. He said that Mr. G's speech was kind of fear mongering. Not exactly his words. Anyhow, he thinks nothing wrong with our economy and interest rates are 1 to 1 1/2% too high. Instead of telling us that he is ready to raise interest rates, if needed, he should be telling us that he is thinking of cutting the rates. He also questioned Mr. Greenspan's statement that he is not too crazy about tax cuts. He should welcome them. Capital Gains should be cut. Ours are too high. Who doesn't know that? Even PR has low capital gains taxes. About half our rates and they are thinking about cutting them again. And Europe is on that bandwagon. Taxing investments at high rates is nonsense. We already paid taxes on money we invest. The GVT keeps harping on our low savings rate - not even true since they don't count stock investments. Maybe if they would cut taxes on investment gains people would save more. Some don't like to pay taxes twice. What is better? Spending all the money you earn or save some of it? Why should people be penalized when they are saving? Europe is way ahead of us in low capital gains. Some country have none if you keep it for a certain time. I can't believe that some in GVT actually try to make us believe that tax cuts are bad. But what's even worse, some believe that crap. Sonny