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All types of investment in every country is subject to financial repression. You could own gold, but wait ! any gain is taxed as income ( not capital gain ). C
by 5822130027 7y ago
All types of investment in every country is subject to financial repression.
You could own gold, but wait ! any gain is taxed as income ( not capital gain ). Carrying it around has stiff penalties.
"You invest in how we say you invest" - Uncle Sam.
- daxorid 7y agoCarrying it around has stiff penalties. What are the penalties for carrying bullion?
- sigstoat 7y agoyou get tired easily?
- nradov 7y agoTaxes aren't repression.
- SkyBelow 7y agoUnequal taxes seems a valid form of repression. Start with something simple, say taxing people of one race 15% more than another race. That would seem a valid form of repression. Okay, so that rarely happens and is almost always combined with far greater forms of repression. But there are less extreme examples. What about taxing someone more when they have kids, or more when they don't? Sin taxes also seems a way to repress certain behaviors in society by increasing their cost. Why can't the logic apply in other areas of life where tax rates are unequal?
- turk73 7y agoTaxes are involuntarily extracted at gunpoint. Is that not coercive?