Thus, the rich are made ever richer, while the poor (people without a viable capital estate) remain poor and dependent on their labor to produce income.
Thus, over time EVERY American citizen will be able to accumulate a viable, income-generating capital estate portfolio to provide a second income to their wages earned from job employment or provide a sustainable income without the need to be employed in a job or dependent on welfare or charity.
Steve McGuire, the director of capital, estates and facilities at Guy's & St Thomas' Hospital NHS Trust in London, is quite chuffed that they didn't win the main Stirling prize for architecture last weekend for the Evelina, their new children's hospital.
News that the trust is currently subject to a major anti-fraud investigation concerning a £3.9m overspend identified in the trust's capital, estates and facilities (CE&F) department, responsible for all major infrastructure projects, was released last month, with officials attempting to work out how so many unfunded or unapproved projects, all of which have now been stopped, were approved.
He said: "We could have invested more in our capital estates rather than reducing capital budgets by now 26% - a quarter - and the consequence of that is to deliver very sluggish economic activity.
This special tax treatment for carried interest protects the general partners of private equity, venture capital, real estate, hedge funds and other investment vehicles organized as limited partnerships.
Public funds pay a lot of money to managers of so-called alternative investments like private equity, venture capital, real estate and hedge funds.
Before the sale, Pioneer plans to distribute its other investments, including venture capital, real estate and Russian financial services, to its shareholders.
The number of homes sold in London for £1m or more will go up by almost half by 2018 as house prices and prosperity soar in the capital, an estate agency has said.
The reason is that the higher the taxes are on dividends, capital gains, estate taxes and higher marginal tax rates, the more attractive life insurance annuities become.
And with regard to carried interest associated with venture capital, real estate, private equity, I do not believe in raising taxes.
