Wednesday, November 28, 2012

Tax The Rich

And feed the poor,
until there are no
poor no more.

Hey, it works! England, along with France is in the process of proving it. The citation from France says that Sothebys has sold more than €1.7 million worth of high-end property from April to June this year. If you're looking for a nice place in France, this probably signals the time to buy. Note: The WSJ's real estate section last week decided to specialize in really upscale properties and if you got below $1M, you were living on the wrong side of the tracks for sure. €1.7M is probably only 2 properties. Either that of the price of real estate in France is lower than I thought.

On the bright side, they're making real progress in reducing the income gap between the rich and the poor although this bodes ill for all those government programs once the people who have to pay for them pack up and leave.

Wave of the future: The Cayman Islands becomes a major manufacturing  trade and financial center after a consortium of wealthy capitalists buys the place outright. The locals, newly rich from the sale of their country, readily agree to the new name: New Hong Kong, which becomes the only sovereign country to be traded on international stock exchanges.


The Troll said...

Let's say that there is a capitalist Utopia like the hypothetical New Hong Kong, where all of the socio-economic policies you advocate have been enacted. It's like living in Galt's Gulch. Except that the right to keep and bear arms is not recognized, and private gun ownership has been prohibited.

For the sake of argument, let us stipulate that an effective constabulary, combined with the Ayn Randian ethic of the population, has reduced street crime to negligible levels, so that you are safer in hypothetical New Hong Kong than in any pro-gun American state.

Would you give up your U.S. citizenship to become a citizen of New Hong Kong?

Billll said...

No country requires a person to be a citizen in order to start a business although some of the more anti-capitalist ones require a citizen to be a plurality shareholder. Presumably this would not be the case in such a free-market state, just pay the local taxes and be happy.

As to moving there it would depend on what was happening at this end. I'm at the point in my career where I cease being a maker and try to live on the pittance the Government decides to let me have of the money I've been loaning it interest free all these years. That and as much of my savings as they decide to let me keep.