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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%Jan 6 4:00 PM EST

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To: Maurice Winn who wrote (169793)3/22/2021 5:35:16 PM
From: TobagoJack   of 219056
 
HK is definitely low tax, unless one wishes to buy a new car and be taxed 120%

Luckily HK folks do not like second-hand cars, so that they are priced super reasonable

Stamp duties on property is fantastic as special rates were put on to reduce inequality and cut down speculation, but has the effect of reducing new supply, and give ummmmph to the underlying economics when the special rates are rescinded

The true tax in HK is the expensive real estate, that which many (50%) hold and all need. But this tax is popular, w/ 50% of the people and with people who make living off of real estate but do not own any. This is the tax that enables any property owner to migrate to anywhere at anytime after they sell.

As to taxes elsewhere, guessing high enough short of revolutions, even as HKs low tax can also result in insurrections.

Govts need to be constructed / deconstructed tiny, everywhere, but trending wrong.

HK govt is tiny, at 130K out of population of 8M. Am not sure of relative sizes elsewhere.
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