Saturday, July 21, 2018

Government has a difficult negotiation with me

I have out waited them on back taxes, and they see very little income, past and future. 

 They should make that a rule, if the taxpayer as out waited the back tax collector until retirement, and can prove middle class retirement, then why bother collecting back income taxes. Their transactions costs are way up, and they likely get nothing anyway. 

But the government fears swapnetters, folks who can move assets off line, run a cash business. However, the same principle applies. Get Coase (sandbox), Government could provide liquidity to the swap netters, then do a deal with the potential retires; government minimizes their take for back taxes to some percentage, say 10%. Then the process is automated, middle classers can survive the back tax collection process.

Rebalance, in some form or fashion there be 40 million boomers doing it over the next five. And, mostly, government comes up short.  China is having a devaluation, the real kind, and painful. To make in and out work, China is giving uo some consumer surplus, and dropping prices in our direction.

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