posted on Jan, 13 2012 @ 01:20 PM
The stupid are taxed;here in the uk we have schemes such as equity release: people are given money for their home that they can in theory stay in
until they die. So far so good, however the greatest use of the money is to build onto,improve the home they no longer own, the companies have a
clause and take the home off them in 10/15 years, they underpaid for it in the first place but the people have handily done lots of improvements with
the cash they lent them, and so greatly increased the value of the asset they get. They have effectively borrowed money and gave it back to them plus
their labour for free. There are sent gold I send you cash where people send their gold/ antique gold and they send back very little money. Are these
schemes in other countries. I think that governments know about these schemes but as these companies will get taxed is it an unofficial stupid tax, so
others don't have to pay as much?