re: #130 Hecuba’s daughter

Artwork, diamonds, collectibles — all have to be taxed (at least as part of the estate). Otherwise, you will end up with additional money being diverted into non-liquid assets to avoid taxation, instead of money being invested in businesses to grow the economy. Note that property taxes are inconsistent from state to state and property is not taxed on the federal level.

If you make a painting, and I buy it from you, what are you going to do with that money? What are you going to do with that money if you’re worth a billion dollars? What if you sell your painting through a broker? The broker gets money. If it’s at a place that sells art, the employees get paid.

Are you all thinking that money just disappears after the first transaction?