[ExI] self driving truck

[Adrian Tymes]

On Oct 31, 2016 8:01 AM, "spike" <spike66 at att.net> wrote:
> Should the Federal government try to institute a tax based on what we
own, capital flees along with the owners of that capital, it and they
cannot even be traced.  It is converted to gold, silver, other assets which
cannot be found.  Wealth disappears into forms which do not employ anyone
or create new wealth.  So… the Fed doesn’t do that.  So… the Fed cannot
afford to deal with the newly unemployed.  So… it falls to states and
locals which have the authority to tax property.

By that argument, why does money not flee the state & local?

Also, I recall that argument used against higher federal taxes and it
mostly not coming true.  Wealth goes where it will make more wealth - even
if the taxes are higher, but not high enough to cancel out that increase.

(As for conversion to gold & silver - that's just transfer of wealth to
those selling gold & silver.  Only so much is dug up per year; price
increases can't make new mines appear, and only long term increases can
make marginally unprofitable mines profitable.)
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