The Anatomy of a Railroad Real Estate Scam – BRIGHTLINE
The easiest way to make money in real estate isn’t to buy land—it’s to convince the taxpayers to buy it for you, build on it for you, maintain it for you, and guarantee your profits while they assume the risk. When private profits ride on public money, the railroad may move people, but the financing moves wealth.— YNOT! There is an old trick in politics and business: privatize the profits and socialize the losses. It has survived every generation because it works so well on taxpayers, who are forever told they are “investing in the future.” The scheme is … Continue readingThe Anatomy of a Railroad Real Estate Scam – BRIGHTLINE