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To: Zeuspaul who wrote (4099)	9/21/1998 2:22:00 AM
From: Hiram Walker	Read Replies (1) \| Respond to of 67261

Zeuspaul, she is describing a generational conflict between the Boomers and the Gen-X-ers that is going to explode when the massive boomer generation retires. This Boomer generation that through sheer cunning and imagination developed the computer,and changed the face of America and the world forever,is getting older,and heading toward retirement. 80 million Americans are going to have to be supported by a smaller generation behind them. And the stock market will go down,and down and down,as they retire and withdraw money. Look to Japan,they had the same demographics a decade ago as we will have going into the 21st Century. Hiram

To: Zeuspaul who wrote (4099)	9/21/1998 9:56:00 AM
From: j_b	Read Replies (2) \| Respond to of 67261

<<If I buy a house for $50,000 and tomorrow the house is worth $500,000 why should my property taxes go up? >> You were never taxed for anything OTHER than the house's value. Your property taxes are not based on what you pay, but on what the property is assessed at. Every year, even under proposition 13, the taxes are increased if the assessment is increased. The same for your car, except that as it's value goes down every year, the tax goes down. For your car, they just hide it better - it's included in your registration fees. What you are discussing is not whether it should be done, but how much each increase should be allowed to be. Even during the Proposition 13 fight, no one was suggesting doing away with taxation based on valuation.