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.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1400)	3/15/1999 9:48:00 PM
From: Sam	Respond to of 3536

Henry, "The baby boomers are poor savers but their parents are not. The WWII generation have been very good savers. And unfortunately this generation is staring to pass from the scene. In the process they are passing their wealth on to their children and even after estate taxes it is a considerable sum." Yes. And I wonder how this will affect future budget deficits and the debt. I have heard that something $10 trillion is going to pass from generation to generation over the next 30 years or so (the state of science permitting, at any rate<g>). At least $2-3 trillion in estate taxes, after all the smaller estates and the tax avoidances of the larger ones are taken into account, I guess. Unless, of course, the Republicans manage to finally get their Holy Grail passed (reduced or eliminated estate taxes).That money in itself might keep SS solvent!