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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (41023)12/26/1998 9:24:00 PM
From: SteveDavis  Read Replies (1) of 132070
 
MB,
Of course it is going to effect real estate. The large malls are already becoming unpopular as is the classical department store. Look at the specialized shops (Gap, etc.) But the computer has had a much larger effect on real estate. There used to be one secretary for each lawyer in a law firm. Now it is one for 3/4 lawyers. Most executives do their own E-mail and have become very efficient. This means the company does not need the amount of square footage in the office that it used to require. Very bearish for office construction. The "just in time" model reduces the need for warehouse space in a retail store. Again, they don't buy as much land or build as big a building as 10 years ago. No need for the storage space. ALL merchandise is out on the shelf to be sold. This also reduces employees. Don't need the warehouse people.

The internet tax situation is a very interesting one. It will probably result in some sort of national sales tax that is then divided among the states on some sort of pro rata basis? How do you determine what is what when you have the Web site in Houston, the merchandise is shipped from Kansas, Ill. and Ca., by FedEx (Tenn) with a credit card processing from Utah. IMO, the cost of compliance for the states would cost more than the tax collected so just let the Feds do it and divide the amount.

Steve Davis
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