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To: Robert Douglas who wrote (71680)	1/20/1999 3:35:00 PM
From: Jim McMannis	Respond to of 186894

Robert, RE:"Hey, here's an idea. Cut capital gains taxes and let us invest our own money in ideas that we think add real wealth to the citizens who make up this country." Nah, you are too stupid to invest your own money. The government can do it better. Signed-Bill Clinton <G> ---- Actually, I've always said that having to pay capital gains taxes puts the individual investor (outside the IRA etc.) at an extreme disadvantage to one who doesn't pay it. Both mentally and monetarily. Pensions funds and Mutual funds that just pass it through. Now you are saying that the Government could sell without paying cap gains tax? Can you imagine having to deal with that? This is scary. This sounds like another way for they to just funnel even more money into their control. I agree. But you see, if they can convince enough people that their stocks will go up it might be looked at favorably by the Congress. Oops, there goes the trap door again. ---- Hey here's an idea. The government starts investing your cap gains tax. The market goes up. So guess what? They decide that they will raise your cap gains tax so they can help you out by making the market go even higher. <G> not really putting it past them... Jim

To: Robert Douglas who wrote (71680)	1/20/1999 5:19:00 PM
From: nihil	Respond to of 186894

Federal trust money is tax exempt. There is no rational reason for a nation that want's to create wealth to tax productive activities -- like labor, capital formation. Unfortunately, consumers (engaged in antisocial activities like eating, educating kids, and wearing clothes) hate to pay taxes. Personally, I prefer a complete shift to consumer taxes (we can use data-wearhousing to provide a progressive, rich folks bashing consumer tax system) and induce a new regime of massive dieting, home schooling, and nudity as people avoid consumer taxation. Another possibility is to accept Swift policy, in which men are taxed on masculinity and women are taxed on beauty (both to be self-assessed.)