SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: average joe who wrote (50498)5/26/2009 8:40:20 PM
From: Maurice Winn2 Recommendations  Read Replies (2) | Respond to of 217510
 
Sier Kelly Kameyer had such a tax problem. He had huge paper capital gains during the tech boom, owed heaps of taxes, but before he could pay them his share prices went to near zero. Tax people want loot, so there was no way out for him.

He ended his life in suicide.

Of course there were other emotional issues for him, so it wasn't totally cause and effect, but the tax position was [I guess] the dominant factor.

Governments, including New Zealand's, spent up large on the back of taxation of borrow and hope paper profits. Now, tax takes a crashing and governments have no way out other than telling hordes of government spivs to get real jobs more suited to their talents - or continuing to destroy their tax paying population who will one day rebel.

Mqurice