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Sohodojo Advisory Board Member
Jim Schneider
The Taxman86 Speaks...
03 April 2000
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The Glass Ceiling has been broken; What is the New Economy vs. the Old Economy; and what is a tax and financial friendly country?

1. The day of computers/basketball being a boys' game are over.

The book, The Silicon Boys and their Valley of Dreams, by David A. Kaplan is a great history of how it all began.

The Sequel, as they say in Hollywood, will have to entitled the Silicon Boys and Girls, as woman have joined the ranks of being in charge of a startup in the New Economy. More importantly startups are in at all levels, including the Home-based business.

As for basketball see the front page of the New York Times in living color.

What happens if one of those ladies has a Web Site in her room, with a camera and keeps it on 24/7/365? Does it make a difference if she charges a fee to see. How about a chat only for girls who want to know how to make it into college sports, can she charge for that or are we violating NCAA Rules. Has college sports kept up with the New Economy?

2. We have never seen such numbers.

Compensation of the people that run the public companies is always a hot topic [so are their perks, planes, housing, and all]. Yesterdays New York Times laid it out for all to see, and the difference between the New Economy and the Old Economy is amazing. No wonder the MBA's are going for the New Economy Startups.

3. Give Tax Breaks, Friendly Business Climate and Education, and you make everyone standup and take notice.

The Republicans have been promoting tax favored zones since 1981 as the way to bring economic revitalization to distressed areas. Today the New York Times tells us the results in Europe, it is called success.

We believe in this approach and so does many others who have Co- Sponsored H.R. 815, The American Community Renewal Act of 1999 which will provide significant federal tax and financial incentives in exchange for state and local jurisdictions reducing tax and other business regulations, including zoning. Is it possible to turn distressed neighborhoods into good ones, check out Baltimore and John Hopkins University, Washington, D.C., and other cities such as New York and NYU, it is working, and if these cities get ZERO CAPITAL GAINS Renewal Zones [Washington D.C. already haves one], let the games begin.

Jim Schneider, LL.M.

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