Date: Wed, 03 Oct 2012 23:35:19 -0400
Local: Wed, Oct 3 2012 11:35 pm
Subject: Re: Contract manufacturers vs board stuffers
On Wed, 03 Oct 2012 17:53:53 -0700, Joerg <inva...@invalid.invalid> wrote:Not to mention that if you tax wealth there is little reason to accumulate
>Bill Sloman wrote:
>> On Oct 3, 4:38 pm, Joerg <inva...@invalid.invalid> wrote:
>>> Spehro Pefhany wrote:
>>>> On Tue, 02 Oct 2012 11:00:31 -0700, Joerg <inva...@invalid.invalid>
>>>>> And as usual no word about what triggered it. AFAIK the Dutch government
>>>>> started taxing the assets in bank accounts, regardless of interest. So
>>>>> if you didn't get any or very little interest, like right now, they are
>>>>> confiscating the savings of people piece by piece. People do not like
>>>>> this. Because it is unfair.
>>>> Inflation does exactly the same thing, just invisibly. Taxing the
>>>> assets seems a bit more honest because you can see it happening (like
>>>> not hiding the tax on a receipt).
>>>> Both are very ungood.
>>> Except the Dutch get hit with both, inflation plus confiscation.Bill is
>>> wondering why they don't loudly complain in his neighborhood. Well, many
>>> of them will simply and quietly react by moving the assets under the
>>> mattress or something. Naturally then they'll keep their mouths shut
>>> because else the goons might come after them. The Laffer curve also
>>> works in that arena.
>> The Laffer Curve doesn't talk about the mechanisms by which the tax
>> The Dutch capital levy isn't actually big enough to justify moving
>Not you or me but the guy with two million Euros is talking north of 20k
>> "There is a flat tax on the total value of the savings and investments
>> You seem to find this unfair. It's certainly a bit strange, but to my
>Asset taxes that take away regardless of whether there was any profit
wealth. It encourages consumption over savings/investment. Inflation is the
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