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To: Road Walker who wrote (103380)5/13/2000 8:41:00 AM
From: willcousa  Read Replies (1) | Respond to of 186894
 
John, I agree that the net will change the fabric of our society. It is a truly empowering medium.

On taxing net transacions - the state where a net etailer resides can tax that etailer to a fair-thee-well. So by not letting the state of the buyer tax the seller you don't let the seller avoid tax - you simply make one decision about where to do the taxing. The decision to let the etailer pay his home state - where he consumes the bulk of governmental services which he uses - also makes net retail commerce more efficient because the etailer does not have to implement a system to apply the over 1000 different sales tax rates that exist in this country.

The rules that apply to an etailer now - by the way - are those that apply to a catalog seller. We live with those rules now, why not live with them in the net context?



To: Road Walker who wrote (103380)5/13/2000 11:35:00 AM
From: Tony Viola  Read Replies (1) | Respond to of 186894
 
John, >I am continually surprised at the way the Internet recreates itself with new functions/applications. This puppy is only five to ten
years old (depending on how you define it), and it's morphing into something new every six months.


Actually, the Internet has its origins in the late 60s, as the Arpanet, which it was called until the 80s. It was originally funded by grants from the DOD (not Al Gore), who wanted a bomb-proof (or whatever they could most reasonably get) national defense communications system. They didn't care for just phones. HTTP and HTML got it going re commercial. If these latest things had happened a decade earlier, could we have started making money on stocks like Cisco a decade earlier?

Tony