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To: goldsheet who wrote (67119)	4/5/2001 6:49:23 PM
From: dave rose	Respond to of 116779

<<<Actually, I am in favor of a complete elimination of all corporate taxes. Taxes are passed on to the consumer in the price of goods and services. Consumers really pay corporate taxes, not corporations. >> Bob: How did you get so smart?? LOL

To: goldsheet who wrote (67119)	4/6/2001 9:03:12 AM
From: long-gone	Read Replies (2) \| Respond to of 116779

<<A vibrant economy needs winners and losers, with rewards for success and penalties for failure. Government tax incentives effectively attempt to pick the winners instead of letting the free market determine which business shall succeed. I'm against all of these special tax provisions stuck into the code by legislative lobbyists. Actually, I am in favor of a complete elimination of all corporate taxes. Taxes are passed on to the consumer in the price of goods and services. Consumers really pay corporate taxes, not corporations. >> Isn't true "insurance" something the consumer can decide for or against? When is a tax not called a tax? (but I agree the law should apply to all or none - not just some) Does it also tell us there is no monetary safety even with "insured" funds? FDIC seeks banking insurance changes By MARCY GORDON, Associated Press WASHINGTON (April 5, 2001 10:15 p.m. EDT nandotimes.com) - All banks should pay for deposit insurance according to their risk of failure, and the $100,000 limit on account coverage should be adjusted for inflation, the insurer FDIC is recommending to Congress. Donna Tanoue, chairwoman of the Federal Deposit Insurance Corp., said Thursday the changes are needed to keep banks safe for depositors and keep credit flowing to Americans. "If we do not begin now to change some of the rules that govern our deposit insurance system, it is likely to take a toll on the safety and soundness of the banking industry," Tanoue said at a news conference. That could happen, she warned, when a slumping economy brings banks and thrifts losses that deplete the federal insurance funds for those institutions. Tanoue wants to end what she sees as a free ride for more than 900 banks and thrifts established in recent years that get the benefit of the insurance funds without ever having paid premiums. About 9,100 banks and thrifts, or 92 percent of all insured institutions, currently pay no premiums. The two funds for banks and thrifts are now flush, with a total cushion of $42 billion. Current law prohibits the FDIC from collecting premiums from most ins nando.net