alt Hacker NewsTaxing bullion is absurd - it’s not a product but more like currency or a placeholder of money you already have. What other taxes are they passing when you say “frenzy”?
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WalterBright • today at 4:02 AM
> What other taxes are they passing when you say “frenzy”?
https://www.ballardspahr.com/insights/alerts-and-articles/20...
It's incomplete, it doesn't list the gold tax.
robotresearcher • yesterday at 10:38 PM
Gold hasn't been money since 1971.
loglog • yesterday at 11:17 PM
Wealth tax is the best type of tax, because it incentivizes productive activities against speculation. It should be levied on a continuous basis rather than on transaction basis though, which is just basic numerical analysis.
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Why is it more like a currency than any other object? It's not negotiable currency or legal tender.
People buy it and sell it. I don't see any difference between bullion, iron ore, frozen concentrated orange juice, and Pokemon cards. You buy a thing, you pay the sales tax.