On Thursday 19 July 2007 15:29, Derek Kalweit wrote: <snips> > > > taxation of land at the end was supposed to do to try to help the >>>falling standards of workers in the richer countries, however... > > > > The guy may not have thought it through exactly like this, but land is > > often a vast repository of wealth > > The problem I see, is that the majority of the land is not owned by > the rich in this country, and therefore it would be another tax on the > middle class
Hi Derek! Quite right. Nowadays nearly everyone "owns", sort of. Rich guy sells the house (doesn't have to maintain it after that!), finances the house, owns the hardware and landscape store, owns the equity loan company where the poor guy bails out his credit card debt and finally owns the repo company who forclose on the poor guy when he can't make it any more. The noose ever tightens . . . Yes, and the "owners" pay the real estate taxes, too. -- Regards, Pete http://www.pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
