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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Taxation & Its Role in the Destruction of Our Economy

    Lobo
    Lobo
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    Taxation & Its Role in the Destruction of Our Economy Empty Taxation & Its Role in the Destruction of Our Economy

    Post by Lobo Sat 12 Sep 2015, 5:10 pm

    Taxation & Its Role in the Destruction of Our Economy
    Posted on September 12, 2015 by Martin Armstrong

    Taxation & Its Role in the Destruction of Our Economy Rome-Middle-3
    iitalit001p4
    QUESTION: Thank you for your fascinating blog. I thoroughly enjoy reading your analysis on social, political, financial and historical topics. i would like to make a couple points with questions and get your analysis or feedback on these.
    First point: You describe that post 2015.75 (Big Bang), you expect a peak in bonds (safe haven) that will coincide with a low in stocks due to global fear. The eventual collapse in bonds will drive everyone into “private assets” causing a major rise in stocks and commodities due to lack of confidence in government. At the same time, you say that government won’t give up the fight on taxation and asset seizure. So, my question is, what good is it to invest in stocks in this private phase if the government will most likely tax all profits to the point of making the investment pointless? Why would people continue to buy stocks then? Typically when fair rule of law degrades, people hoard and don’t invest, correct?


    Thanks for your analysis!

    ANSWER: Historically, this has been the difference between movable and immovable assets, such as real estate. Collectibles, stocks, and precious metals are in the moveable category. Of course this is what governments are now attempting to seize.
    The best hedge would be to have assets in terms of stocks in the USA, and certainly not in Europe. It may be harder to engage in a taxation of shares as an asset, whereas in Europe they are much closer to communism and see nothing wrong with taxing assets, not just income.

    Taxation & Its Role in the Destruction of Our Economy Rome-Middle-6
    If we look at the fall of Rome, the first asset class to decline was real estate, as you cannot take it with you when you leave town. Thus, the population of Rome collapsed from 1 million to 15,000 by the Middle Ages. People had no choice and just walked away, unable to pay the taxes demanded.
    Taxes are the great destroyer. You are an economic slave if you simply cannot retire without having to pay taxes. Taxes reduce economic growth and lower productivity for they are no different, economically speaking, from some gangster demanding “protection” money to operate a business.

    This entry was posted in Ancient Economies, Q&A, Real Estate, Taxes and tagged Ancient Rome, Hunt for Taxes, Immovable Assets, Movable Assets, Taxes by Martin Armstrong. Bookmark the permalink.

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