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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (3551)	11/16/2001 10:18:29 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

My point was that the capital flowing to Russia comes from Russia. It doesn't matter whether constructive tax policy also attracts foreign capital. The comparison between economies A and B was made only to contrast what happens under flat tax. If you are Russian, you know how to deal with the integrity of transactions because whatever the norm, you're adapted. Whatever the financial integrity of deals a certain number will fail. No doubt in Russia this is higher and no doubt it will be falling, but an allowance for lack of integrity has no lasting implications for overall economic benefit. The same is true in the US. You have to be adapted to the local probability of being defrauded.

To: frankw1900 who wrote (3551)	11/16/2001 11:12:09 AM
From: Keith Monahan	Read Replies (1) \| Respond to of 24758

I'm talking about expropriation at gunpoint Security is certainly a key issue in Russia, but it is manageable if you play by the rules. You basically need to hire ex-KGB security - people well connected with the local crime bosses. Then you always travel with armed security, but low profile, (i.e., crappy car). I have never had a problem there, although a distributor for the company I worked for was kidnapped. He didn't play by the rules and learned the hard way, luckily he wasn't killed. In general, the people there are great - well educated, hard working, and tough. Ironically, the years of communism seemed to foster a culture of capitalism, a group of wheelers and dealers like the stereotypical Army Sergeant who could get you anything you needed.