Re: [Fortune] The Era of The Next Big Thing is over? Was it over when the Germans bombed Pearl Harbor??

Date: Sun Apr 01 2001 - 04:00:37 PDT

Jeff Bone <> writes:
> Way to go, Kragen. You wouldn't want to let anything icky like facts
> contaminate the purity of your moral judgements and pronouncements.

Yeah, it's amazing how fast simple, pure moral judgments get
complicated and contradictory when you bring facts into it, isn't it?

> Let me sketch in the most abstract possible sense the heart of my
> irritation. The IRS can treat as a tax liability certain things --- say,
> an exchange of private equity for public --- while at the same time the
> SEC can prevent realizing liquidity from that transaction for a prolonged
> period.

Ouch. I don't suppose you can pay your taxes with CMGi stock you
wouldn't be able to sell, can you? That would seem to be an eminently
fair solution.

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