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Posted on: November 4, 2017

November 2017 An outrage over taxes founded this county. And for its first 123 years, the US of A managed handsomely with zero income tax. Abraham Lincoln interrupted that in 1862 to finance the Union Army. Buts its success was short lived when an 1872 Supreme Court decision repealed federal income tax as unconstitutional. We […]

Posted on: October 23, 2017

October 2017 Have we got this all backwards? Instead of building back stronger after each hurricane, tents suddenly make a lot of sense to me. Air conditioned, plumbed, private bath, fridge, wall receptacles, windows – mostly home minus the granite counter top, flat screen TV, recessed lighting. If giving those up are deal breakers, you […]

Posted on: June 7, 2017

June 2017 From a conversation with an HCC investor June 7, 2017: Q. Mike, back in the day you were all land. Now this hospital start-up in Paris, TX, a whole different critter that’s– wait– not even real estate. In between it’s been lots, office, self-storage, hotels, retail, student housing, assisted living, medical office buildings […]

Posted on: August 16, 2012

August 2012 Word is that come 1/1/13, all of the recent economic gains of the U.S. will begin to unravel. Increased taxes for payroll, estate, capital gains and income, let alone new taxes on Patient Protection and Affordable Care. Top that with broad military and domestic spending cuts, a lame duck kick-the-can-down-the-road congress, who can […]

Posted on: February 6, 2012

The logic of Obama’s State of the Union speech… well, after dozens of rewinds, I struggled with the logic and facts. The whole Warren Buffet/capital gains thing. The part where Buffet’s secretary Debbie Bosanek sat near the First Lady and the camera zooms in, remember? If I got that, Buffet’s secretary pays 34%; Buffet pays […]

Posted on: February 2, 2012

February 2012 “You haven’t sold anything for me lately; how long ‘til I start getting money back?” I’m getting more of that lately; I get you. I’ve been through three of these droughts, and I have to tell you, this battering is like no other. More troubling, if what we learned at last December’s breakfast […]