Re: Drill Now for oil

climate

going

Nope. Only if an entity that is both domestic and non-registered buys it.

Best regards, Spehro Pefhany

climate

going

True enough. That is one reason of many i am not a day trader.

Never heard of such. Even a quick search on the Internet gave no clue. I hope you can provide some backup.

Perhaps. How much of stock transactions is investing and how much is speculating?

Now you are making the nice simple VAT tax idea more complex.

The non-domestic buyer would pay the tax in their own country.

Why does it matter?

Cheers, James Arthur

Of course, if we could get them to cut the bureaucracy back to Constitutional levels, this would all pretty much become moot.

Thanks, Rich

I think if I wrote the rules, I'd only tax new stuff, not used.

So, if you buy your scope new out of the showroom, it's taxed. Get a used one off ebay or whatever, it's not taxable because in theory the tax was paid when it was bought new.

And I really don't consider stock speculation (which drives inflation, which decreases the value of your shopping dollar) to be investment.

Oh! And tax the purchase of chips at casinos! ;-)

Cheers! Rich

James Arthur wrote in news:9Zsak.198$713.92@trnddc03:

every investment is speculation.

Futures contracts are a bit different than stocks,though. Oil futures only require 1% of the value in cash to buy,while other commodities require more.Some futures contract buyers actually take delivery of the commodity,speculators don't. To slow down the oil futures speculation,raise the amount of cash needed for purchase.

Workable, but the new scope makers might well prefer all sales to be taxed so people might have a "level playing field" to consider a new, more poductive oscilloscope. With something like houses it could affect the economy.

Exactly how does speculation drive inflation? I must have missed that ECO lecture. ;-) I thought it was more like too much money and credit chasing too few goods and services, but feel free to correct me.

If whatever you tax you get less of, and if gambling is a tax on stupidity, how come there isn't less stupidity aboot?

Best regards, Spehro Pefhany

The theory is that the used "scope" would be worth more than the new because its tax had been paid. Same deal with cars.

When the commodity is in short supply, speculation magnifies the shortage because more buyers are chasing the same supply, even though some have no intention of every using the commodity.

Gambling is a voluntary "stupid" tax. Nothing wrong with any voluntary tax, even if it is on the most common of commodities.

we should tax weenieism. There is enough of that here to pay off the national debt.

You bet. To at least 10%

Here in taxifornia, i do not think sales taxes apply to real property. Way too many other taxes are already applied.

Two problems. Never get it past the casino lobbies, gambling would revert to cash and available credit.