Tax Guru-Ker$tetter Letter
Wednesday, December 25, 2002
If a real world person or company were in serious financial peril, one of the first options to be explored would be getting rid of unnecessary things in order to generate cash as well as cut back on operating expenses. Is it possible that the rulers of the PRC may also be seriously considering selling off some of the real estate they own? I'm sure the local counties where the properties are located will be happy if the State unloads the properties to private buyers because they can then start earning property taxes from them.
The next step is for our rulers in DC to do the same thing. Our founding fathers never intended for the Federal Government to own as much property as it does. Selling off unused federally owned property would be a very wise move, especially for a President with an MBA.