- Understand that government controls asset prices via its control of the money supply: if it wants asset prices to go up, all it has to do is print money.
- Which means all a corrupt government needs to do to destroy you with a massive tax bill on unrealized gains is to print a crap ton of money, create massive asset inflation due to the deliberate devaluation of the currency, then bill you for the asset bubble it created.
- If you bought a house for $200k, and the government fires up the money printer to juice asset prices resulting in your house being worth $600k, you now have $400k in unrealized gains the government can tax you on...
Important stuff you won't get from the liberal media! We do the surfing so you can be informed AND have a life!
Saturday, August 24, 2024
If this sounds insane, it’s because it is insane. Communism is insane.
I don’t think people fully appreciate how communist and evil an unrealized capital gains tax is. - Sean Davis@seanmdav
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment