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To: nihil who wrote (96879)	1/20/2000 1:52:00 PM
From: Paul Engel	Respond to of 186894

Nihil - Re: "I guess I am one of these left wing types..I think the corporate income tax should be eliminated altogether. I think consumption should be taxed (value added). The average individual faced with a tax on his consumption would save more, particularly if the return on his savings and investments were not taxed. Why should only unsuccessful businesses have their taxes eliminated. This is why I say failure is rewarded and success is punished. " Why don't you convince a few million more "left wing types" to think like you do? Paul

To: nihil who wrote (96879)	1/20/2000 6:59:00 PM
From: Robert Salasidis	Respond to of 186894

I would agree with your statement (re elimination of corporate taxation), and I disagree ( :-) ) that that view makes you a left wing type (ie tax loss carryforwards become irrelevant in that situation). In Canada there has been talk (but luckily it never gets off the ground), of eliminating tax loss carryforwards, while simultaneously taxing business at 40%. At that rate, there is no reason to locate a business in such a location as the risk reward shifts such that risk outweighs any benefit.