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

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: TobagoJack who wrote (10934)	11/1/2006 11:53:06 PM
From: Maurice Winn	Read Replies (1) of 217791

NZ government has backed down on retroactive tax grab from hard-earned savings and investment returns, which had me fair and square in their bullseye. They tried to get me via tax audit, but came up empty-handed [other than minor detail]. Frustrated, they decided on eminent domain Kiwi-serf approach = retroactive law change to confiscate my hoard. Electorate uproar of sufficient proportion made them back down [too late to avoid big drop in polls]. Now they are aiming at a regular 5% of asset value tax. Still too high. Meanwhile, because they stole public money for electioneering, they have had to focus on that and enact retroactive legislation to legalize their theft. Which they have done. It's called Calvin-ball. [See Calvin and Hobbes] Sorry to see your equivalent woes <especially if the officialdom gets in on the game to skin us alive and fry our insides, by changing long standing rules retroactively, without warning, except a promise to not do so > Mqurice

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