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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 11 4:00 PM EST

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To: Moominoid who wrote (8444)	8/20/2006 1:17:56 PM
From: Maurice Winn	Read Replies (1) of 217705

Yes, if you have investments other than in Oz and NZ, they'll be taxed on their nominal capital gain, as measured by market value. If there was zero inflation, then it wouldn't be a wealth tax [depending on how one looks at these things]. But it is a paper gains tax. Pay the tax BEFORE one collects the actual capital gains. If one loses all one's money after paying the tax one year, because, for example, the company goes broke in a later year, then one doesn't get one's money back. So it's a potentially very nasty paper wealth tax. Very, very nasty. An envy tax, which is what most taxes are. Mqurice

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