Hidden Gold Taxes: The Secret Weapon Of Bankrupt Governments

I think auspm was being sarcastic there. And if he wasn't.....no comment.

Third world countries do not exist because people pay tax. You'll find it's the other way around where the population bell curve of wealth is quite one lop sided. If third world countries were a result of paying tax......I figured America, Australia, Europe etc are all third world countries too. Just so you know, third world countries' standard of living is lower than 'first world' countries. The higher number isn't better.

I hope one day you have a heart attack and you find yourself with no ambulance and no roads to lead you to a non existent hospital filled with non existing public health care workers with their non existent equipment because you chose to live in a country that refused to pay taxes. Or maybe some starving hungry hobo stabs you during a robbery because he has no welfare payments to survive on from his non existent government nor non existent police to protect you.

Inflation isn't a result of the government trying to screw you over purposely. It's because money loses value due to value of goods going up which is inevitable due to the limited resources there are. Just be glad that inflation isn't crazily overboard where it'll cost 1grand to buy a load of bread.

 

Actually third world countries exist because there is no middle class, and countries become third world when the middle class is destroyed. That is exactly what's happening today in the United States - the middle class is being destroyed as its literally being taxed to death! Not just by the government, but by the people really in charge - the bankers who create money from thin air and then charge interest on it to the US government.
But i'm guessing this is a tad over your head

Mate - you should catch a wakeup! I never promoted paying no taxes! i've said i'm for LOW taxes and small government. It's not that complicated to understand ...

Mate - you dont have a ruddy clue!!! I'm sure there are others here who can help educate you though.
Ask Renovator - he's a f... genius! :lol:

 

hmmmm genius eh ? i might get 1 of those hats with the propellor on it & get genuis embroidered on it for when i meet you Dressed like a hobo hahahahaha.... calm down yippee you been ruffling feathers all day cant you have a discussion without putting shit on someone ?

 

I notice yky arguments always end in name calling of some sort . Bitter indeed

 

Come back to talk to me when the US becomes a third world country according to your theory. And if you are right, I'll give you my cardboard box home and let you borrow my billy to boil your water if Australia ever become a 3rd world country.

Sure, pay low taxes and make the government smaller. I hope your ambulance falls into a ditch because there's no roads and you get stabbed by the hobos living in the ditch. There's a reason why we have three levels of government. Or did you not learn that in school?

Perhaps you should quit while you think you're ahead. Have a nice cry about tax and how its satanic-like-presence is ruining all our lives rofl.

 

I suspect renovator like myself has done quite well out of property and believes YKY that your massive bubble fall like a rock talk is just sensationalism (or wishful thinking). I've said before and will go on the record now saying I don't believe house prices in oz will crash as you predict I believe they will be stagnant for a year or 2 letting inflation (rising wages and rents) drag them back into a more normal range of affordability/yield before starting to rise again.

Happy to see in a year who is correct.

The attitude of some people whether it's people here slagging of property or shares or people on property forums slagging off PM's pisses me off - they are all assets they all have a time to shine the trick is not being a dedicated PMproperty/share investor........ be a investment whore like me go where the numbers lead you accumulate all types of assets when they represent good value to you and juggle those as you see fit depending on external conditions or greater opportunities.

The above is my opinion feel free to form your own - but don't try and bludgeon me with it

 

You're obviously very young, not to mention stupid and ignorant.
So its all good mate - you'll catch on sometime ... hopefully before you're dead

 

Nice post Shiney...
Seems as if we actually agree about most things, except you dont have the balls to take on those with socialist ideas who think the world owes them a living.

I say screw em all!!

 

Funny how so many young people start out as socialists and then end up as libertarians when they're older...

It's amazing what a couple of decades of hard work and learning about the world around you can do for the way one sees the world.

Go figure

 

All the bickering aside, I found that to be an interesting read and would like to see some useful discussion come of it. Was good to have some worked examples, for a problem I was well aware of, but without seeing the full scale of the effect. It also clearly stated the assumptions for your own critical analysis. One thing that bothers me though is, there is no hints as to the authors methods on how to preserve those gains and avoid the "inflation taxes" that he alludes to at the end.

It would be great if someone could enlighten me, but in a high inflation scenario I can't see any way to avoid capital gains tax unless the laws change or you don't sell, but then you would need a period of deflation after the event to restore buying power (which I can't see happening). My thoughts are either;

a) The economy would cook and we would have hyper-inflation, followed by a total collapse. Now if that happens we would automatically revert to the world's backup economy - the US dollar - but I can't see us going down if the US dollar didn't (it would probably be the trigger). Logically then we would need a new currency system, and if gold or silver backed, opens more cans of worms as there would be government confiscation and trading would become illegal so you are still fucked there also. I don't see a great escape from a hyper-inflation scenario, but agree that holding PM's will help shield you and limit your losses in comparison to someone who isnt holding.

b) We do not enter hyper-inflation, but the high inflation has meant that you get hit with massive CGT and we would not have deflation to restore buying power.

c) Some magical way to avoid CGT if the government doesnt abandon it during a period of high inflation (they would not be so kind of course).

So, please point out flaws in my logic as any way I look at high-inflation a high inflation scenario, stackers still lose, just not as much as our ignorant counterparts.

 

Not a very nice thing to say, even in jest.

 

Oh he wasnt jesting...

I could run and complain to the administrator about his comments but i wont.
Shows what a bunch of hypocrites some of the people on here are! Quick to complain about my comments, but not a breath uttered about such an obscene comment as Charzy made to me.

But i thank you boston for being the only person here man enough to highlight this unacceptable comment.

cheers

 

+1

All good now mate

 

Of course I wasn't jesting. I was merely using examples of what might happen in the scenario where you compromised a government's ability to provide services, not a personal vendetta or anything as they can happen to anyone. Sure it may have been an extreme example in life and death but they do happen every day. I would've used something more PG rated such as driving on the road and your tire explodes on a pot hole but I prefer the drama.

Surprising as I had a point to be made in my posts unlike your multiple posts of personal insult to different people. And to see you jump up at a reprimanding comment about me just shows your age and level of maturity.

I'm just going to say that inflation has been around for a long while now, long before this thread was made. We've always been victims of inflation, don't go treating it like some deadly new strain of flu. You can go blame the government and whinge about the taxes they impose on you and what they should and should not do, that's up to you. What I've posted are my opinions to why governments require income aka tax to do what they do. There are some points you make that I agree with, and some I disagree with. Personally I don't think lowering taxes is going to solve anything, but rather have the government utilise their budget more efficiently.

I can sense you're somewhat of a troll after seeing your posts. *hangs up troll stirring spoon*