| Gee, choosing the best financial way to go. Hmmmm. So, some entity figures out a way to take advantage of some rule(s) to maximize the financial gain of a transaction.
Hmmm.
We all do that, most everytime we consider buying or selling something, don't we?
I'm shocked!
SHOCKED!
That rational people would endeavor to maximize the financial gain isn't what shocks me.
It is the rules / laws that remain on the books, that permit such market distortions, that are the real shockers.
There may (or may not) have been an actual good reason for such rules / laws, at one point.
Unfortunately, they seem to almost always become chieseled in stone. Then have interest groups that lobby to keep those rules, 'cause everybody structured their financial plans based on the rules. Very seldom are there effective "Sun Set" provisions (that don't virtually always end up automatically re-approving the rule(s), anyhow).
The best "Sun Setting", IMHO, is where the value / benefit of the rule is reduced, right within the initial codification, by, say, 20% per year, making it clearly a 5 year deal. (Or 10% per year for 10 years, or .... )
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Government is like fire - a dangerous servant and a fearful master - George Washington
Democracy is the worst form of government, except for all other forms of government. - Winston Churchill |
