STAFF NEWS & ANALYSIS
Greeks Must Declare Non-Bank, Personal Assets – Who's Next?
By Daily Bell Staff - December 08, 2015

Greeks told to declare cash "under the mattress," jewelry and precious stones … When earlier today we read a report in the Greek Enikonomia, according to which Greek taxpayers would be forced to declare all cash "under the mattress" (including inside) or boxes that contain more than 15,000 euros as well as jewelry and precious stones (including gold) worth over 30,000 euros, starting in 2016, we assumed this has to be some early April fools joke or a mistake … It was not a joke. – ZeroHedge

Dominant Social Theme: Greeks have been spendthrift and now they must exercise financial discipline – and the state will enforce it.

Free-Market Analysis: The great asset-stripping continues. It doesn't make much sense, does it? Austerity, taxation and confiscation of assets are not providing Greece with a healthier economy. How could they?

Is there a reason to continue to pound the Greeks? Well, perhaps so …

A little more from ZeroHedge:

Cash "under the mattress" totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1 January 2016.

Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad.

A joint ministerial decision issued by the Ministries of Justice and Finance indicates that taxpayers in Greece should add all their valuables into a new category of the tax declaration, the "Assets declaration." Specifically, the decision provides that: "Assets declarations" are submitted electronically and mandatory via Taxisnet.

The declaration is fairly broad-based, according to ZeroHedge, and totals some 56 pages. The justification is simple: support for the Greek economy and the country's economic health.

ZeroHedge asks, "What will happen if one will not declare his assets?" The answer seems to be that homes may be raided by aggressive government agents. One needs to bear in mind that this is occurring under the reign of Syriza, the party that was elected to confront the European Union's infliction of austerity.

Despite Greek resistance austerity continues to squeeze. Now the Greeks are being asked to provide the government with an assessment of non-cash assets. This is akin to the government's attempts to crack down on tax cheats by scrutinizing properties for swimming pools and other signs of suspicious wealth. It's an aggressive tactic.

The constant pressure on Greece reminds one of what happened to Cyprus, though the Cyprus episode ended with bank confiscations of assets that were used to pay bank creditors and to shore up balance sheets.

The Greek crisis has been going on a lot longer and has in a sense set more precedents than the Cyprus episode. But in both cases, the programs seem quite harsh and have an almost theatrical quality. This puzzled us until just a few days ago when it suddenly became clearer.

The clarity was generated partially by an article entitled "Pentagon Funds 'Cold War-Style' Science Study to Track Political Protest in America," that appeared in The Guardian on June 18, 2014.

The beginning:

A US Department of Defense (DoD) research programme is funding universities to model the dynamics, risks and tipping points for large-scale civil unrest across the world, under the supervision of various US military agencies. The multi-million dollar programme is designed to develop immediate and long-term "warfighter-relevant insights" for senior officials and decision makers in "the defense policy community," and to inform policy implemented by "combatant commands."

Toward the end of the article we come to this summary:

Such war-games are consistent with a raft of Pentagon planning documents which suggest that National Security Agency (NSA) mass surveillance is partially motivated to prepare for the destabilising impact of coming environmental, energy and economic shocks.

Interestingly, several articles in the alternative media concluded that the Pentagon was creating scenarios for domestic destabilization. Thus, one can speculate that the scenarios now playing out in Greece are being refined for implantation elsewhere. And the idea is not to help but to hinder and even brutalize. This approach may tie into renewed efforts at gun control in the US.

After Thoughts

What went on in Cyprus and is going on in Greece and now France are likely templates for further government crackdowns. Can the US find itself in the predicament of Greece? The US economy is not nearly as healthy as the mainstream media suggests. In the event of a collapse, the Pentagon obviously intends to be prepared. You should be, too.

Posted in STAFF NEWS & ANALYSIS
  • Libertarian Jerry

    The Welfare State always degenerates into a Police State. Once the tipping point was reached in America,about 25 years ago,when the voting Political Class surpassed the size of the voting Economic Class then privacy and property rights were doomed to the dustbin of history. To paraphrase Margaret Thatcher “socialism works fine until you run out of other people’s money.” In most of the Western nations the Welfare States are bankrupt. Politicians and bureaucrats are desperate to keep the gravy train system going. For if the system collapses these same politicians and bureaucrats,who have built their careers on looting productive people’s property,will have to find productive jobs. Something that they know they couldn’t do. This is the real reason for the draconian confiscation policy in Greece and soon to be America.

    • Heywood Jablome

      If the system collapse, I would humbly suggest that order will not be maintained and the political class will be the first with their heads on pikes……

      • Praetor

        Before you get to the point of heads on pikes, a lot of ordinary people must be crucified first to generate enough angst to fight back. always been that way!!!

      • AirborneSoldier

        And WHO will do this? There will be little resistance, as the people will believe it was the Madoff’s and the banks, not the voting of free stuff from the treasury, and the creation of the fiat currency necessary to support this destruction of individual rights. The WELFARE STATE is what destroyed America.

        What is the largest part of MANDATORY spending? Welfare/entitlement. About 74%when you include HHS programs.Is there ANY support for federal confiscation of the fruit of your labor, to give to another? The first two Supreme Courts that heard FDRs “New Deal” cases did not think so. By the third time, he had it packed with enough of his friends to get it through. Constitutional? I don’t read anything there that remotely suggests it. Why should a man fresh off the boat from africa, have his wages garnished by the feds for federal programs that target “african-americans”.

        If you doubt the effect of those feeding off your labor, and the fiat currency printed monthly, go educate yourself. Go sit in the waiting area of your local social security office. Guess what, there are not many grey haired folks there. Federal disability claims are out of control. Lots of younger people there.

        You will never have sound money, until you tear down, eliminate EVERY form of FEDERAL welfare. If a state wants to do it, fine, your choice. You can leave California, voting with your feet. But it will never happen. People become more dependant, less willing to demand respect for individual rights, because they dont want to jeoperdize their turn at the .gov’s fiat teat.

  • Dimatteo

    One of your finest articles.

  • dave jr

    Yes, perhaps Greece is a test bed and maybe Finland too (yesterdays article). The two, wealth confiscation and a basic ‘income’ allowance, dovetail nicely in the authoritarians’ way, just in time for a global carbon debt accounting system, coming just around the corner. And the peasants rejoice because maybe, just maybe, it will work for a short while. Like eating poisoned meat will satisfy ones hunger.

  • If the Mafia came, mob-handed, to your door to demanded a declaration of ‘everything you own’, you have got to know what is going to occur next! If though the Mafia came marching out with honking trumpets, heraldic flags, heroic uniforms, hearty sandwiches, hooraying plebs from hansom buildings; would that make you feel a little better? I think not. I may actually rather the Mafia: at least they are honest enough to be straight with both you and themselves as to what their motives, intentions and methods truly are.

    So what is the problem here? Is it that almost everybody does not think that ‘the state’ and the Mafia are just simply cut from the same cloth, because ‘the state’ do so much more than only look so grand and give-out free sandwiches. But, then, if the Mafia also built the roads, schooled your children, policed the public, told you they protected you from every imaginable harm, printed the money in your pocket and pined twinkly badges on your son’s chest when he went off and killed whosoever they said, would that make you feel better about the arraignment (even though they still will kill you just the same if you resist their edict)?

    It does not make me feel better, the facades of ‘the state’, because I can still see the arraignment for the nastiness it still is. And I can see that whatever type of Mafia you have in place it will always be ‘the mafia’ just under another name. Like: call them ‘the state’ and get almost everyone to think that that is OK, propagandise them, brainwash them, indoctrinate them, then it will be nigh imposable to call it out for what it is.

    Am I on my own in seeing this?

    • dave jr

      Nope. And the Mafia will protect you too, once you join their family of businesses and submit to paying their ‘due’.

      • I am not so sure ‘joining’ is as accessible as all that. An involuntary subscription service is the limit of the offer I think. Pay or die (reminder to self: must read through those on-line terms and conditions more thoroughly to look-out for that clause). Being born into automatic membership is another.

    • AirborneSoldier

      What a class warfare propaganda genius. I am truly impressed.

    • AirborneSoldier

      No you are not.
      Class warfare and it’s focus of hate on a select few as scapegoats has resulted in the deaths of 150 million and counting. A nice little political known as “Communism”. There are few methods of agitating a group to murder, as promoting envy.

      • Fear works well. Anger is another but it does not last (so needs constant topping up events). Greed is close to envy. A sense of Duty drove many WW1 British soldier’s into joining-up.

  • stevor

    So, do the RICH greeks have to declare it all? I doubt it. If that happened in the USA, would o’bama, bill gates, soros, rockefeller, and the rest of the Satanic gang have to tell all, too? (no, probably just another law for the peasants)

    • AirborneSoldier

      Why the hate for the “rich”? Be careful, your neighbor, on federal disability, the guy who never studied in school, the slacker, covets your nicer car and thinks you are “rich”. Torches and pitchforks coming soon. My God, in America we used to respect the Horatio Alger story. Today he is a villian, because we do not understand cause and effect. It is easier to just villify, and hate, while we sit on our duffs in front of the tv or whatever. The “rich” people I know work much harder and smarter than all of the whiners. May we all, and our kids and grandkids, have the opportunity to become “rich”. When did being “poor”, become so virtous? We need to expand freedom, with all of it’s opportunity, not villify those better off than us.

  • Praetor

    Well, if you are hiding anything under your mattress, it is obviously not the place to hide anything. ‘What is the joke’, granny puts her money under her mattress, because she does not trust the banks. It seems granny was right, can’t trust the banks, but wrong as to where to hide her wealth. The one state is starting with the smaller states to set the mood, makes it easer to go after the larger states.Think about it. Those geeky Greeks should have never borrowed so much money, what were they thinking, and now they want to welch on their debt, deserves them right, they should pay-up. The world is in debt (Debtors World) and the debt is owed to TPTB, now their not interested in the debt, really, they are interested in establishing ownership. They own everything and the worlds people must pay-up. Their calling in their loans. Governments produce and create nothing, but debt, and that debt is on the heads of those who live with in the boarders of that governments authority. These traitorous governments have applied for one debt and another debt to pay off the first debt, then got a second on their holdings to pay off some debt and now nothing to borrow against. Loans are being called in, and ownership established, with contracts in hand. TPTB, buck them!!!

    • Except the debt is not the fault of the people. It is the fault of the bankers for lending the money that clearly could not be repaid. The solution is to end the government and that in turn will end the bankers too. If the bankers can lend excessively to people in power without incurring losses they will win, they will keep doing this till indeed they own everything.

      “Those geeky Greeks should have never borrowed so much money, what were they thinking, and now they want to welch on their debt, deserves them right, they should pay-up.” Not very enlightened really. Did the Greek people borrow the money? Were they given an opportunity to ‘think’ about it and decide? Do the people deserve to suffer for the actions of a government working with corrupt bankers? Should they have to pay for a debt they had not any understanding of or should the fools who lent excessively to a corrupt and fooling government suffer the loss?

      • Praetor

        I think you have misunderstood what I am saying, of course the government of Greece is to blame and the one bank. Its the mood that is being set, the attitude about a debt unpaid that is being formulated. Its about ownership and why, the debt itself is of no importance, it is just fiat. The loans are being called in and ownership is being established, and it is not the citizens who will end-up owning nothing. Property rights are in question!!!

      • AirborneSoldier

        The debt is the fault of the people who incur debt. Never has there been as many people alive who defer responsibility from their own decisions as so-called adults in what used to be known as the “West”. ALL of our problems could be traced back to the simple fact that post-modern “westerners” no longer believe in following through on their promises. Breaking promises is an everday occurence in many people’s lives. It is acceptable to do this, as there is no longer any standard of truth. What works for you, may not work for me, or so people believe now. So any rejection of a contract, a loan, a marriage, a business agreement, etc., is now entirelt acceptable. I about puke everytime I hear someone talk about “Predatory Lending”, to which you infer. I know few people who save for rainy days, but plenty who max their credit out. Yes, the Fed, banks, etc., ate culpable, as are the entire globalist political left, but I feel little pity for the children who masquarade as adults, and suffer when they inevitably suffer hard times because they have rejected centuries worth of wisdom that their older relatives accepted as part of life. You know, like living below their means, saving for future hard times, not taking loans, etc. Really complicated stuff, that.

        • I do not deny that people, on the whole, in general, are weak. People should take responsibility for themselves. It is part of the duplicity of ‘the state’ to seduce people into believing that ‘the state’ will look out for them, that ‘the state’ will identify supposed societal injustices and eradicate them. This is all bunk invented by ‘the state’ to both appeal to a majority, or a majority assembled from minorities, and keep them from knowing how to act for themselves.

          ‘The state’ perpetuates itself by creating just enough imagined benefit and more than enough ignorance to hide from the vast majority the solemn truth: human society would be far better served without any form of rulers, that the suppose utility of ‘the state’ is an utter lie, that ‘the state’ is completely illegitimate (immoral), that ‘the state’ is an illusion (it does not exist), ‘the state’ is only a belief and it only exists in the minds of those who believe in it (absent from the belief in ‘the state’ one’s self; there only exists people who believe in ‘the state’ and who then act as though ‘the state’ they believe in actually exists). This is why I try to always write ‘the state’ in inverted commas, what I should write would be a distillation of the above and be probably not very convenient!

          Under contract law there is such a concept as ‘unfair contract’ and, without my going in to too much detail over this here (unless you really want me to spell it out for you which I will happy do), the means by which ‘the people’ have been indebted through loans, purportedly on their behalf by ‘the state’, is not legally binding. I am not talking about the ‘legislation’ created by ‘the state’, that can be made to say anything ‘the state’ imagines it wants as its ‘law’ (the earth is flat for example). I am talking about natural law and the common law, the proper understandings, derived from the natural law.

  • Adrian Bones

    Silver metal is at the point that we should see the reintroduction of silver coins for circulation. I would love a ten pound silver coin or silver 10 US Dollar .

  • Bruce C.

    I think the Greeks deserve what they get (and lose). They had the chance to leave the euro/EU and default but they were too “stupid” or cowed to do that.

    Hopefully, the rest of the world learns the lesson here: That when the politicians warn of dire consequences if such-and-such is or isn’t accepted they are talking about themselves not “us.” If Greece had left the euro and defaulted on its debts it would have been the politicians who would have lost big, not the common citizenry – at least no more than what they’re going to experience now.

    • Some old boy sitting on a chair, under an olive tree, slicing lemons into a bucket, he deserves what he gets? A small business owner, built it up from hard work and wit, six days a week, he deserves what he gets? Children running and playing with a dog in the evening sun, they too? Did you mean to start your comment with the words: ‘I think’ or was that a typo?

      • Bruce C.

        No, I meant “I think” because I don’t know. Examples like you give always give me pause but then no generalities can ever be made. What I really “think” is that everyone involved will have his/her own personal experience which will correspond to their own beliefs, etc.

        However, what I was referring to was the “big” referendum not so long ago in which “they” gave mixed signals to the Syriza party and capitulated, ultimately wanting to stay with the euro/EU (and all that that implied). The Syriza party President “should” have been ousted when he capitulated and yet ironically he reflected the ambivalence of “the Greek peoples'” voice. Of course that didn’t include every one, but such is democracy (“the tyranny of the majority”?).

        My main point, however, is that most Western countries are basically democratic too and so all those other citizens better get on the same page or the same kind of thing will continue. Besides that, my point also was that “the old boys” and “small business owners” would do better in the long run not continuing to follow the advice of the very government (give or take specific individuals – they’re kind of fungible at certain levels) that created the situation. It’s the government officials who accepted the terms of the loans, etc. Many of them may already be retired or replaced. The citizenry did only by extension. I’m just saying that extension can work both ways. Pull the plug.

        • Whilst the people keep believing in the utility and legitimacy of the concept of ‘the state’ they will get that which is coming to them. That much is true. If they deserve it I am not so sure. The absolute prime reason why we should strive to reject ‘the state’ is because ‘the state’ can so easily manipulate and deceive a human society and the power of ‘the state’ will always be usurped to the will of those few who seek the colossal advantage to them only possible in this way. Democracy is a weakness, a vulnerability, because the people are malleable and easy to deceive. If a minority has a majority of the property (which is logically is true), no matter how small the imbalance, the majority will desire benefiting from that property if they think they can – especially if they believe there is a quasi-legitimate process for bringing that about.

          • Bruce C.

            The reason I think “they” deserve it is because I don’t think they were deceived. I think they’re inveterate. Maybe you could argue that they are victims of false beliefs but how many examples in history and theoretical arguments can you ignore or claim ignorance? Europe as a whole is considered “socialist-lite” by everyone outside of Europe. More specifically, Greece is known for massive tax evasion and soft-corruption. People involved in that are fundamentally dishonest and thus lack conviction one way or another. Personally, I was hoping for the birthplace of Western civilization to have more balls.

          • Is a forest a thing or a collective term for many trees and other things growing and living together? Am I a part of the “they” for GB, the land where I was born and live? By the time of the invasion of Iraq I already knew the events of 9/11 were a fraud and therefore already was understanding that the basis of the ‘war on terror’ and the attack on Iraq were false conclusions: manufactured. I protested, wrote to the press, wrote to my MP (all out of naivety), talked to everyone I could get to listen, blogged on YouTube, etc. So am I still a part of the ‘they’ for the UK? Am I still responsible for the murder. (Note: GB is the physical land and the UK is the political construct).

            People will succumb to the offer of ‘free stuff’, legitimised theft. This is the duplicity of ‘the state’, it will always offer to the people whatsoever the majority will be drawn to. It is a con. Its central deceit is to pray on the gullibility of people. Maybe the people should be wiser but they are not, never were and presumably never will be. But the gullible majority also drag to not so gullible minority down with them. So there is no ‘we’ and ‘they’ in this business. The thinking which follows and reflects that shorthand language is a significant part of the indoctrination and so I recommend that when you judge and apportion responsibility you hold caution to that point.

            All forms of ‘the state’ are fundamentally socialist by conception. Socialism is just a system of theft by way of the initiation and coercion of force – the subsequent anticipated redistribution is fraught with diminished returns. It is no different to the priestly class offering salvation, fertility, longevity or the King offering stolen land and pompous titles. We have kissed those systems of society goodbye and it is time to give the kiss of death to this one too.

          • Bruce C.

            I understand your distinction between “you” and “they” and I actually agree with it but perhaps differently than you. An individual can be part of a group but that doesn’t necessarily mean that he/she will experience the same as everyone else in that group. Since that applies to every individual within the group then every one has his/her own experience. When I make general statements like “they deserve what they get” I mean that the sum total of all of the individual experiences nets out to …whatever – and like it or not that’s what the manifestation of their ideas are. Some are bound to be better than others. You seem to be saying that some individuals are unjustly dragged-down or unjustly uplifted by virtue of being part of a group. I don’t think it works that way. Each person will experience whatever they create through their own beliefs, desires, intents, loves, and expectations, regardless of anyone else or anything else.

            For example, I despised Obama as soon as I “saw” him. I “knew”/believed that he was going to be bad news. But I also strongly suspected that he would be elected and that things were going to get worse. It wasn’t so much Obama per se that created that but the mentalities of the people who voted for him. And look who has experienced the worst by his election: Those who voted for him. I’ve been fine and even benefited from the disgusting enablings of the Fed, but I can’t stand the guy.

          • Clearly I am a part of the British people and so it is valid for me to say: ‘WE British like strong mustard with our sausages’ which is a generalisation but in general it is true. But if I say ‘we’ invaded Iraq it would show that I consider myself, ‘the state’ and it’s decisions to be unified, that I was accepting of the paradigm of the legitimacy of ‘the state’, which is not true. Now the danger of this is that this language of self inclusion (WE), or the generalised inclusion of others (THEY), is the result of, let us say, habitual language patterns, which if not identified and checked moves one to a subliminal level of acceptance.

            It would be more accurate for me to say ‘we British often enjoy strong mustard with our sausages’ but, hey ho, life is too short to worry about that. Most sensible listener’s would understand my point regardless. When it comes to saying ‘WE British invaded Iraq’, that is not true. The UK military were caused to invade Iraq by manipulation within the government.

            So back to the original point. I do not agree that ‘the Greeks deserve what they get’. I think the Greek state may deserve what it is going to get, the participants in the Greek state deserve what they get, the greedy socialist Greeks perhaps deserve what they get (for being so selfish, willing of state theft and greedy) but not just ‘the Greeks’, that as a collective is too wide. The Greeks, as a general grouping of otherwise disparate people, do not deserve what they are going to get.

          • Bruce C.

            I understand what you’re saying and perhaps I am being too general in that sense. It’s partly reflective of my feelings about their situation because I wanted things (I’ll not say “them”) to go differently. I wanted “them” (i.e., the whole country) to “GREXIT” for a number of reasons and I was disappointed. Then as I learned more

            Now, this may seem like a fine point, but I still think using collective terminology like “we”, “us”, them”, etc. is valid in many cases because it subsumes all of the individual POVs and doesn’t necessarily negate them. Furthermore, your example of “We the British” is understood (by me at least) to not be literal. Only if you added more clarification would I think that. Similarly, if I said “We invaded Iraq” I wouldn’t expect anyone to think that every single US citizen marched in. I probably wouldn’t ever say that anyway, partly for the reasons you give, because if I did I would not be surprised if one inferred that I associated myself with “the State” or government or military instead of the country.

  • Dimitri Ledkovsky

    FDR’s administration was the first to “test” confiscation under 20th Century Central Bank Gangsterism. I wonder how many Americans at that time kept mum about their gold and sold or traded it as needed to reliable people? Probably the usual no more than 10% of dissenters. Enough anyway to keep a good underground economy going.

  • christ_bearer

    They are going after precious metals now.. THEY WANT IT ALL!!

  • always

    Greece is a test-monkey. How they react in Greece with this new law, will let our controllers know how to manage the same thing in the U.S., but ours will be a low as the government coming in (jobs for the Hipsters) and counting your food, blankets and clothing, after the confiscation of jewelry, gold, silver and money.

    • Agreed. Just like the USSR, China and many smaller states were set-up as social test labs too – to see how far they could go with a controlled society and what sort of system was sustainable. The USSR became too intractable – did not pass enough benefit back to the money/power that funded them into existence in the first place. China watched that and realised they must adapt to a allow the global money power to prosper from them then they would be allowed to continue and prosper too. I suspect China is closer to the social model that is envisioned for the coming UN system of global governance than is openly admitted (though economically China’s model is probably not intended to be sustainable as it presently is).

    • Rebecca

      South America was a testing site for policies now used in the US.

  • always

    This is why you should pay cash for everything. If you use cards, which most Europeans do, the government knows what you are hiding, because there is a paper trail. They may already know what the Greeks have, but want to catch them in the lie and then imprison them.

  • littlebit43

    There is always the back yard and the shovel.

  • Gregory Mullaley

    Never going to happen here. Conn. and N.Y., 2 of the top 10 bluest states in the country, passed draconian restrictions on military style rifles and their magazines. That was well over a year ago and something less than 20% of the owners have complied. If they can’t get these mutts to comply, what makes anyone believe that any other state is going to comply with much of anything the feds say? Time for some folks here to get a reality check. The government is all bluff.

  • Herman Nelson

    Coming here soon. Almost like a bad D rated horror movie. Back in 1929, when the big crash happened; my Great Grandfather went to the bank and withdrew his money, with a gun. He never used a bank again. He did his banking with a shovel from there on out.

    It’s a good time to convert those dollars into gold or silver. You can’t get hammered with negative interest on your bank accounts if you have no money in them for the banks to steal. Besides paper money can be devalued in a blink of an eye, not so much with PM’s.

  • gman

    remember in 1993 al gore’s explanation on why the proposed surtax on millionaires would be applied to those making $250,000 a year? he said that after 4 years they’re millionaires. coming soon to a nation near you.

    remember in 1993 the talk of “imputed rental income” – the tax that would be applied to those who had more than one bedroom in their house, based on how much income they would have IF they were to rent out those rooms? coming soon to a nation near you.

    recall how police agencies can seize from you any money you are carrying, just because it’s there, on the supreme court approved theory that money itself has no rights? coming soon to a nation near you.

    heh. and they’re just getting warmed up.

  • TimeHasCome

    In Washington State where I live a year ago there was a Bloomberg draconian gun law was put in place . So far non-compliance is near 100%. We are descendants of fiercely independent revolutionaries and the harder they push the sooner the push back.

    • Gregory Mullaley

      Hell, in Conn. and N.Y. well over 80% of the folks have ignored the same laws and they are very blue (liberal) states. It’s all bluster by the impotent state.

  • Ed Smith

    And laughter was heard all over Greece………………

  • allenwoll

    Mr A has a nice house, an orchard and an antique auto together worth $500-K. . Mr B has a bag of gems and gold bars together worth $500-K hidden under the floor of his run down shack. . Why is Mr A more tax-worthy than Mr B ? ? ?

  • kirk

    SQUEEZE Allen, Squeeze. Prove the bag is there under the floor of the shack please. Is it there now? Will it be there tomorrow? REAL estate is so named because it is REAL and is not going anyplace; Therefore, it’s a reliable tax cow, let’s go milk it. The situation overall makes EXCELLENT sense in a sick way; the government is in dept up to it’s eyes, and is looking for ANY straw to grab to keep from drowning. ANYTHING. Bag of cash? A rumor, nothing’s there when the tax inspector comes calling. 20 bedroom mansion? Here’s your tax bill, there it is. Glad we could sort that out for you.

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