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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (24413)	7/13/2000 1:59:40 PM
From: Bill	Read Replies (2) \| Respond to of 769667

It is well thought out. But you may be too shallow to grasp the concept.

To: Lizzie Tudor who wrote (24413)	7/13/2000 2:56:16 PM
From: Father Terrence	Respond to of 769667

Only because of current tax laws, the income tax structure and the IRS... Real estate would not be the most attractive investment if there were no tax breaks for it. Actually investment in business, capital equipment and the equity markets would be huge, even by today's standards, thus paving the way quickly for the trillionaires of the 21st century -- from bio-genetic products, computer technology, space-based and undersea pharmaceutical products, inner system planetary development, NEO energy corporations, colonization and development of the Moon and Mars, and mining operations of the asteroids. FT An NST tax that excluded real estate would be terribly unfair, there just isn't enough difference between what the wealthy buy vs. the poor. Real estate is where the rich money goes.