Dolores Hayden Quotes
In The 1954 Internal Revenue Code, A Republican Congress Changed Forty-year, Straight-line Depreciation For Buildings To Permit 'accelerated Depreciation' Of Greenfield Income-producing Property In Seven Years. By Enabling Owners To Depreciate Or Write Off The Value Of A Building In Such A Short Time, The Law Created A Gigantic Hidden Subsidy For The Developers Of Cheap New Commercial Buildings Located On Strips. Accelerated Depreciation Not Only Encouraged Poor Construction, It Also Discouraged Maintenance ... After Time, The Result Was Abandonment.
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