The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (25976)	12/14/2004 10:20:49 PM
From: Elroy Jetson	Read Replies (1) of 306849

Another comment you made reflects a lack of familiarity with other economic systems, such as Capitalism, which differ from our own. Gains attributed to deflation would occur simply by holding cash assets and would not be taxable. The rich would not be driven to put their money to work in productive assets (with higher risk and higher returns). - Grace Zaccardi Message 20850814 This is one reason why the tax most frequently found in traditional Capitalist societies was the Asset Tax or some approximation of Assets. Taxes in may European nations were frequently based on the number of windows in the buildings you owned or the footage of street frontage. The wealthy who wished an ostentatious display of a grand entrance paid dearly for the privilege. The homes of the poor, by contrast, usually contained only doors and a chimney. As the demand for borrowed money grows tremendously, as it has over the past 25 years since Ronald Reagan, the interest rate should be rising as a function of simple Supply and Demand. But under Monetarist Socialism, the Fed "merely" creates as much money as the market demands (without any limitation on Supply!). The growth in this demand for loans is far faster than the growth of the economy, as can be seen on these charts. home.pacbell.net home.pacbell.net home.pacbell.net As more and more money is created, the market interest rate declines lower and lower, as can be seen on this chart. home.pacbell.net You have falsely accused me of voting for fools like Ronald Reagan, but nothing could be further from the truth. Having met Reagan as a young teenager, I knew first hand how vacant and soulless he was. No normal person could possibly have met Ronald Reagan without noticing how strange he was. Even his own family has commented on this. Perhaps those who were far more strange than he would have been oblivious. .

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