Does this article paint an accurate picture of what lies ahead for collectibles?

[Hankphenom]

Originally Posted by perezfan

I am already hearing that leaders of the progressive wing of the democratic party plan to place an exorbitant tax on individuals' assets. This is in addition to dramatically increased income taxes.

"I am already hearing..."--pretty conclusive, huh? You do realize that the bulk of our enormous national debt was piled up by Republican administrations, don't you? Some people like stuff but just don't want to pay for it.

[perezfan]

Originally Posted by Hankphenom

"I am already hearing..."--pretty conclusive, huh? You do realize that the bulk of our enormous national debt was piled up by Republican administrations, don't you? Some people like stuff but just don't want to pay for it.

I wasn't opining on whether such a tax is good or bad. Just speculating that many will inevitably attempt to hide assets if/when that day comes. If you don't mind being taxed on personal assets, then it's all good. If you do mind, then I suppose it's bad. I personally see the merits of both sides.

[bobbyw8469]

Originally Posted by Hankphenom

"I am already hearing..."--pretty conclusive, huh? You do realize that the bulk of our enormous national debt was piled up by Republican administrations, don't you? Some people like stuff but just don't want to pay for it.

Because of Leon, I am gonna bite my tongue on this one. But I want to say something sooooooooooooo bad to this.

[vintagebaseballcardguy]

Originally Posted by bobbyw8469

Because of Leon, I am gonna bite my tongue on this one. But I want to say something sooooooooooooo bad to this.

The ignore button has worked wonders for me.

Sent from my SM-G960U using Tapatalk

[rats60]

Originally Posted by bobbyw8469

Because of Leon, I am gonna bite my tongue on this one. But I want to say something sooooooooooooo bad to this.

Just say the national debt was 10 trillion at the end of 2008 and 19.6 trillion at the end of 2016.

[timn1]

Originally Posted by bobbyw8469

Because of Leon, I am gonna bite my tongue on this one.

Good.

[bobbyw8469]

Originally Posted by timn1

Good.

I wish others had done the same rather than slam people that think one way or another.

[GregC]

I feel snookered for even having clicked on that “article.” Just further proof the internet is a cesspool of alleged information. Won’t even bother to pick it apart, other than to say those who could afford high end assets in the first place are not going to sell because someone who stretched too far had to sell.

[Leon]

Originally Posted by bobbyw8469

I wish others had done the same rather than slam people that think one way or another.

Just leave it alone. No politics please.

And no, If I sell a million dollar house for 500k, the others around me don't drop. They stay the same and I am in adiot for selling so low. Common sense.