“My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.”

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

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Robert T. Kiyosaki 151
American finance author , investor 1947

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“Yes; I am indebted for that estate, and I am proud here to acknowledge it, to the bounty of my countrymen. That estate was the scene of my birth and of my infancy; it was the property of my ancestors; it is by the munificence of my countrymen that this small estate, which had been alienated by my father from necessity, has again come into my hands, and that I am enabled to light up again the hearth of my fathers; and I say that there is no warrior duke who owns a vast domain by the vote of the Imperial Parliament who holds his property by a more honourable title than that by which I possess mine.”

Richard Cobden (1804–1865) English manufacturer and Radical and Liberal statesman

Speech in Aylesbury, responding to a heckler who accused Cobden of getting his property through Anti-Corn Law League funds (9 January 1853), quoted in John Bright and J. E. Thorold Rogers (eds.), Speeches on Questions of Public Policy by Richard Cobden, M.P. Volume I (London: T. Fisher Unwin, 1908), pp. 225-6.
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“In my opinion the least bad tax is the property tax on the unimproved value of land, the Henry George argument of many, many years ago.”

Milton Friedman (1912–2006) American economist, statistician, and writer

As quoted in The Times Herald, Norristown, Pennsylvania (1 December 1978)
Context: There's a sense in which all taxes are antagonistic to free enterprise … and yet we need taxes. We have to recognize that we must not hope for a Utopia that is unattainable. I would like to see a great deal less government activity than we have now, but I do not believe that we can have a situation in which we don't need government at all. We do need to provide for certain essential government functions — the national defense function, the police function, preserving law and order, maintaining a judiciary. So the question is, which are the least bad taxes? In my opinion the least bad tax is the property tax on the unimproved value of land, the Henry George argument of many, many years ago.

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“Our most valuable real estate is our character”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech to the Canadian Club in Toronto (6 August 1927), quoted in Our Inheritance (London: Hodder and Stoughton, 1938), p. 79.
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Context: I may confess to men here, of a stock so largely English, that our English intelligence is sometimes apt to be despised by nations that think they are quicker-witted than we are. Our most valuable real estate is our character— its steadiness, its reliability, its personal integrity, its capacity for toleration and for a quiet, humorous boredom with things. The general strike in England, which was not without its alarming aspects, illustrated all these qualities in our people.

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“I have no patriotism, for patriotism, as I see it, is often an arbitrary veneration of real estate above principles.”

George Jean Nathan (1882–1958) American drama critic and magazine editor

Source: Testament of a Critic (New York: Alfred A. Knopf, 1931), p. 16

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