In Ken's partnership, one class of partners participated in the partnership income stream at a much higher rate than the other class of partners. The other class of partners received all of the partnership's tax write offs though. Ken was planning on bringing in fixed income pensioners with a need for a high, almost certain return, and high income investors interested primarily in tax write offs and asset appreciation. I thought it was brilliant, and made maximum use of catering to the diverse needs of people with money to invest. In essence, the income partners were loaning money to the risk partners, who, in turn, agreed to subordinate their claims to the income partners claims in the event there was any loss of principle. I'm not sure who invented this in my other lifetime, but I'd seen something like it in the mid sixties, as a way of funding building projects. Ken planned on using it to fund numerous tax shelter programs, bringing the write offs above 170% for the risk partners,. "Oh yeah?" George questioned confidently, before leveling a hard glareat me. "Try me." What about my clothes, gonna strip 'em off me on the way?" Idemanded. "You'll get the cops called on you, doing that to a girlagainst her will."To my surprise, anger flashed across my friend's face at that jibe."Oh no. You don't get to play the girl card, not while you're holedup in here, wallowing in your misery becauses of how horrible youthink it is. You want to be treated like a girl, you gotta accept itfirst, so get up and get a shower, before I make you." Alright!" I huffed in exasperation, shoving myself upright. "I'llget up! Happy?!" Yes," George muttered, relaxing a little. "While you're in there tryto think of a restaurant for dinner tonight, because we're going outto eat."I winced at those plans. "Come on, man ... I don't want to go out." I know. That's why we're doing it," my friend replied as he turnedto walk out of my room. "And don't try to take forever, becauseyou're not.
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