In private the rationale was simpler.
Charities would be hurt because repeal of the estate tax would remove an important rationale for private foundations, which are created because the gifts to them reduce estate taxes.
A confederation of about eighteen hundred households spread amongst many gated subdivisions, the village has a per-capita income of $100,093, so the usual eminent-domain rationale (appropriating private property for the betterment of the masses) doesn't quite hold.
North Hills is a wealthy community containing a number of gated communities, so the usual eminent-domain rationale (appropriating private property for the betterment of the masses) doesn't quite hold.
"We see little strategic or financial rationale for private equity money to enter at such a late stage in Burberry's transformation story," the Citi analysts wrote in a research note.
Beyond the Fringe was, in however superior a version, essentially one more undergraduate revue; Private Eye 's immediate rationale was the resurrection of an Oxford rag called Mesopotamia, and the BBC mandarins, while sanctioning TW3 (as it was universally known), emphasised that at no time should it be promoted as "satirical".
But, actually, the rationale of private sales goes beyond legalities.
It won't only be champagne-swilling fund managers that lose out should a country default, but the nation's retirees, a key group of voters.The rationale behind private-sector pensions is to reduce the burden on governments of an ageing population.
The rationale for such private sector solutions is on the one hand to lower a firm's training costs, and on the other hand to lower the benefits of free-riding for non-training firms, thereby increasing the likelihood that such firms will engage in training themselves.
