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Estates Quotes

“Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.”

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Author:Michael Hudson
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“In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.”

RealValuesTurnsPayCenturyTaxesGainsSellsPropertyInvestmentDecadesEstatesTransactionsCapital GainsCapital InvestmentCapital Gains Tax
Author:Michael Hudson
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“The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.”

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Author:Michael Hudson
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“The Six-Day War laid a foundation of deep hatred toward Israel 50 years ago. I said this at a very early moment back then, when people were chanting about liberating ancestral land. I was quick to say that regardless of the future of these territories, liberated they are not, because the term liberation only applies to human beings and not to land, not to real estate.”

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Author:Amos Oz
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“Feudalism is an economic system where a few people own all the land and the others have no option but to be serfs on such a feudal estate. We now condemn feudalism. We condemn not merely the feudal lords but we condemn the whole structure of rules that sustained feudalism. I am asking people to think similarly about the world economy.”

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Author:Thomas Pogge
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“Isn't it odd I've made some friends in the Republican Party, but that's in spite of the fact that I cannot agree with not any one single thing they stand for. That's the irony in the joy of being a human being in that we don't resent each other for our different thought processes, but anything that offers the attitude to me of "I'm going to stop you because that offends my religion", then I'm going to stop them. So I have one more note against that ideology, and the idea of a real estate agent running the universe is just not acceptable.”

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Author:John Lydon
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“My father died at 42, of a heart attack. My mother was 32 then. She never wanted to be a victim. And that really resonated as a nine-year-old child. And one of the most revealing things was, very soon after my father died - he was in real estate and he owned some modest buildings - they came to my mother, the men that worked for him, and they said, "You don't have to worry. We will run the business and we will take care of you." And my mother said, "No, you won't. You will teach me how to run the business and I will take care of it and my children."”

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Author:Sherry Lansing
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“In the old days, you would have one lawyer to handle everything: speeding tickets, buying a house, contracts, litigation, real estate, copyrights, leasing, entertainment, intellectual property, forensic accounting, criminal offenses... the list goes on. Now, you have to have a separate lawyer for each one of those categories!”

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Author:James Belushi
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“I don't know how you feel, but I'm pretty sick of church people. You know what they ought to do with churches? Tax them. If holy people are so interested in politics, government, and public policy, let them pay the price of admission like everybody else. The Catholic Church alone could wipe out the national debt if all you did was tax their real estate.”

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Book:Napalm & Silly Putty
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