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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (76196)	4/18/2007 11:40:48 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"How hard may I kick you, simply because you're not as wealthy as I am?" Sure sounds like what prop 13 is doing on California. Are you taking advantage of prop 13 while some much poorer newcomer is subsidizing you?

To: Elroy Jetson who wrote (76196)	4/18/2007 5:44:25 PM
From: pheilman_	Respond to of 306849

Perhaps. Even European countries are learning that taxing wealth as opposed to income leads to wealth leaving. The founder of Ikea and Bjorn Borg, for example. Now are you proposing a tax on wealth? "But rather than transferring wealth, wealth taxes transfer the wealthy. In Sweden, tennis star Björn Borg, ABBA's Björn Ulvaeus and Ikea founder Ingvar Kamprad are among the mega-rich who have fled the country, taking their money with them. Getting rid of the wealth tax is "a step on the way back toward making Sweden an entrepreneurial country," says Finance Minister Anders Borg. That's sound capitalist advice from the cradle of welfare socialism, says the Journal. Source: Editorial, "Björn Borg, Come Home," Wall Street Journal, April 11, 2007." --Paul