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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (192052)	10/15/2001 8:58:03 AM
From: willcousa	Read Replies (1) \| Respond to of 769667

After costs of compliance the corporate has become a zero sum game. It thus diverts both government and corporation employees from other more productive pursuits. Economically it was always a zero sum game because corporations are simply a tax collector from their customers. It would be best to do away with cororate taxes altogether.

To: Don Lloyd who wrote (192052)	10/15/2001 10:38:53 AM
From: Keith Feral	Read Replies (1) \| Respond to of 769667

Very true. However, it is bad policy for the government to force companies like ATT to lease their excess capacity to competion which immediately drops rates & destroys shareholder capital as stock prices plummet. 2 years later all the companies that dropped rates go belly up because they cannot sustain operations with no revenues. This is a cyclical correction in which everyone gets screwed except for the insiders of the worthless dot com that cashed out after the 6 month IPO window and diversified into legitimate investments. The tech correction was not caused by Greenspan, interest rates, or inflation. It was the direct result of excess investment in technology and communication related stocks that were no able to generate revenues. They made life worse for everyone since they dropped pricing for equipment and services to levels where no one makes any money. This was all proudly sponsored by Clinton Reno think that demanded that consumers get a better price for their goods and services. This excess deflation resulted in a classic bubble that has everyone scrambling. All the market can do now is wait for the third tier companies to wash out and end the negative trends inevenues, pricing, profit margins, etc... Investments in stocks should not have much to do with luck. The investment banks that lent the capital to DSL companies, fiber equipment wannabes, CLEC's, etc... caused the correction by flooding the market with too many resources for too few contracts. It is unfortunate this negative wealth effect has distracted people from the importance of tax reform and fiscal stimulus.