Post
Topic
Board Economics
Re: Krugman makes some good points
by
Richy_T
on 25/03/2013, 20:11:19 UTC

A government can create the legal basis to tax anything they like; including the gold in your safety deposit box or bitcoins.

Yes, the point is kinda that they shouldn't.


So I guess your point is that investing in land is a poor way to evade taxes,  legally or illegally?
Sure,  bitcoin does look better in that regard.
Still I wouldnt worry an investment in land would lose 50% or 90% of its value in a short term.  Something I cant say of bitcoin or many other investments.

Worse. Land could gain a lot of value in the short term. If you didn't want to sell it, you may suddenly have no choice as land is taxed on assessed value.