You have two cows. Your lord takes some of the milk.
You have two cows. The government takes both, hires you to
take care of them, and sells you the milk.
You have two cows. Your neighbors help take care of them
and you share the milk.
You have two cows. The government takes them both, denies
they ever existed, and drafts you into the army. Milk is
You have two cows. You sell one and buy a bull. Your herd
multiplies, and the economy grows. You sell them and retire on
Enron Venture Capitalism
You have two cows. You sell three of them to your publicly
listed company, using letters of credit opened by your
brother-in-law at the bank, then execute a debt/equity swap
with an associated general offer so that you get all four cows
back with a tax exemption for five cows.
The milk rights of the six cows are transferred via an
intermediary to a Cayman Island company secretly owned by
the majority shareholder who sells the rights to all seven cows
back to your listed company.
The annual report says the company owns eight cows, with an
option on one more.