Is Crypto Really Going To Crash? (Yes)
Crypto is going to crash and could take your savings with it.
Finance
How the Corporate Takeover of American Politics Began
The corporate takeover of American politics started with a man and a memo you’ve probably never heard of.
In 1971, the U.S. Chamber of Commerce asked Lewis Powell, a corporate attorney who would go on to become a Supreme Court justice, to draft a memo on the state of the country.
Powell’s memo argued that the American economic system was “under broad attack” from consumer, labor, and environmental groups.
Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.
Real Estate Investment Trusts (REITs) are considered “passive” investors and are exempt from corporate tax. But in reality, they play a very active role in reshaping whole industries, like healthcare.
Real Estate Investment Trusts (REITs) are important financial actors that control over $3.5 trillion in gross assets and over 500,000 properties in the U.S. Yet they have been largely ignored because tax rules define them as ‘passive investors.’ They exist as tax “pass through” entities and pay no corporate taxes if they invest at least 75 percent of their assets in real estate, derive 75 percent of their gross income from real property, and pay out at least 90 percent of taxable income (excluding capital gains) as shareholder dividends each year.
We are in the midst of another global transformation, but this time we might have the tools to get it right.
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