While it is now generally accepted that some redistribution of economic power is a legitimate goal of government, there is no consensus as to the type of redistribution that should be pursued. In the absence of a clear redistributive goal, it is impossible to evaluate critically current law, or...

Expenditures incurred to protect a taxpayer's title or interest in an asset may generate a benefit that lasts momentarily or for a longer time. This raises a conceptual question of whether the expense should be deductible when incurred or captialized and recognized over a longer period....