Sublime

Furthermore, when live-in flippers go to sell their properties, they can often exclude most of the capital gains on their primary residence from taxation, a nifty loophole as part of the Taxpayer Relief Act of 1997. Imagine making hundreds of thousands of dollars, or several times your salary, and not paying a penny of taxes. This tax-advantaged ch

Personal fortunes have outpaced the public purse, slowly choking public investments. This trend has occurred in red and blue states alike. Between George H. W. Bush’s time in the Oval Office and Donald Trump’s, incomes in Oregon grew by 112 percent, far outpacing increases in education spending, which grew by only 54 percent. During that time, inco

a test question could have an amateur fiduciary spending the interest payments received on Treasury Bonds when that money should, instead, be going into the estate account and eventually distributed to the other beneficiaries. That would be a matter of self-dealing and “breach of fiduciary duty” regardless of her knowledge of the securities industr

world). Opportunity can be hoarded, then, not only by abandoning public goods for private ones, but also by leveraging individual fortunes to acquire access to exclusive public goods, buying yourself into an upscale community. In many corners of America, a pricey mortgage doesn’t just buy a home; it also buys a good education, a well-run soccer lea

mere agent and trustee for his poorer brethren.” Hoarding was thus akin to thieving the public: