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Politics : Ask Michael Burke
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To: valueminded who wrote (41018)12/26/1998 6:26:00 PM
From: Knighty Tin  Read Replies (4) of 132070
 
Chris and All, I have 2 questions I haven't seen raised in a couple of years. Folks are supposedly going to buy $130 billion on the net this year, about the same as they are going to buy at Walmart. Yes, we are talking several thousand mom and pop cos. with a website, but it is still fairly large in the aggregate. It is even bigger than Home Shopping Network. <G> Anyway, these are not new sales. These are sales that are coming out of somebody else's business. In many cases, they are going from Barnes and Noble stores to Barne and Noble Dot Communist, but, in some cases, the old line firms are losing out.

1. What does this mean for real estate prices longer term? Are you going to build a huge mall if the net is likely to eat the lunch of most store's in the mall?

2. What are the states going to use for tax revenues? They collect them from the local Barnes and Noble. They don't collect them from the Net.

MB
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