[ExI] self driving truck

[William Flynn Wallace]

 She pays you generously, but you know where that money has been.  Now
what?  spike


In Ireland I think it's arse (as in Eliza Doolittle).  Anyway - there's no
such thing as dirty money.  This is a huge hole in my learning.  Are you
discussing finance or economics, or just what?  I'll do a bit of reading.
I hate to be so ignorant.  bill w





On Mon, Oct 31, 2016 at 11:40 AM, spike <spike66 at att.net> wrote:

>
>
>
>
> *>…* *On Behalf Of *Adrian Tymes
> *Subject:* Re: [ExI] self driving truck
>
>
>
> 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…
>
> >…By that argument, why does money not flee the state & local?
>
> Because we can’t run off with our house on our backs.  But here is an
> interesting take on that question.  If there are indications that a state
> is going to go open-loop taxing property, the logical thing would be to
> take a maximum loan on the property and let the bank hold the risk.
> Perhaps that explains why in some areas the banks own most of the equity.
>
> California is an interesting case.  They capped property tax structure in
> the state constitution, then required a 2/3 vote to change that structure.
> They did that back in the 1970s when our current governor was governor (is
> that cool or what?)  Since then, a number of bills have been introduced to
> change the requirement for a 2/3 vote to a simple majority, but they
> anticipated this and wrote it such that any law to change the 2/3 rule to
> anything else requires passage by 2/3 vote.  So… they tried to change the
> 2/3 rule to change the 2/3 rule, and discovered that it too requires 2/3
> majority.  And so on.  You can’t get 2/3 of the senators to agree the sun
> will rise tomorrow.
>
> >…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…
>
> Ja!  That is a cool feature of capital.  It goes where its reproductive
> capacity is greatest.  So, governments must make their nation, state,
> county or city a great place for capital to breed, and capital will come
> there and breed.  Take Ireland for instance.  Well done, me lads!  My St.
> Patrick guard your asses wherever you go.
>
> >…(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.)…
>
> Ja, gold is mobile, property is not.
>
> On that score, I notice a lot of Chinese are buying up homes in the
> neighborhood.  Their government damn sure can tax them on whatever they
> have.  So… Chinese businesswomen make sure they have a safe landing strip
> somewhere else, preferably in California where the property taxes are high
> but controlled.  I see it everywhere around me: expensive neighborhoods
> were many of the houses are apparently not occupied but are not on the
> market.  The yards are maintained to perfection by yard services, the
> curtains drawn and never moved, not a trace of evidence anyone ever goes
> inside.
>
> My theory: those homes are owned by foreigners who are busy making money
> and keeping that in case China decides it is time for the commies to flex
> their muscle and have another great leap forward.  If that happens we can
> envision once-empty neighborhoods crowded with Chinese people with money up
> the kazoo.  This leads to another problem.  Suppose you are a yard service
> working for a freshly-minted Chinese expatriate with money up the kazoo.
> She pays you generously, but you know where that money has been.  Now what?
>
> spike
>
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