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To: ran15
Intersting that China has no capital gains tax... helps to explain their incredible capital creation right now.

That and the fact that when they want a piece of land developed, they can simply destroy the homes that are on it. It makes our own eminent domain scandals look like child's play!

73 posted on 04/18/2006 4:33:59 PM PDT by Tolerance Sucks Rocks (Walk it off, Snack Fairy!)
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To: Tolerance Sucks Rocks

There is truth in that. Eminent domain has its advantages, especially for urban development. I know most freepers are against it, but I can see especially for a densely populated area which China has a lot of, the advantages


74 posted on 04/18/2006 6:40:34 PM PDT by ran15
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