The New CS Board

[jumanji0881]

Ray Dalio on 'shocking' tax changes: Could see new 'prohibitions' against gold, bitcoin : https://www.kitco.com/news/2021-03-16/Ray-Dalio-on-shocking-tax-changes-Could-see-new-prohibitions-against-gold-bitcoin.html

My Comment : A ban on gold ? I think it would be hard to do since it is a globally traded market. But higher taxes are coming and it will be a challenge to navigate government policies once everything breaks down. Taxing the wealthy may sound credible, but the wealthy don't pay taxes. They just domicile in another country and HQ in the Cayman Islands.

Excerpt:
"Policymakers who are short of money will raise taxes and won't like these capital movements out of debt assets and into other storehold of wealth assets and other tax domains so they could very well impose prohibitions against capital movements to other assets (e.g., gold, Bitcoin, etc.) and other locations. These tax changes could be more shocking than expected," the founder of the world's biggest hedge fund said.

"The economics of investing in bonds (and most financial assets) has become stupid," he pointed out. "Rather than get paid less than inflation, why not instead buy stuff — any stuff — that will equal inflation or better?"