Of course, a fixer-upper of this magnitude is not for everyone.

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This started among the urban upper classes in northern Europe and over the course of the next 200 years filtered down to the rest of Western society.

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At the lower rates, upper income earners did invest and otherwise work to earn more, which of course is exactly the desired effect of the rate cuts, and so paid higher taxes on the resulting incomes.

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Off the golf course, he endorses watches (Rolex), video games (Electronic Arts) and trading cards (Upper Deck).

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