|
How is this a tax? Devaluation/inflation doesn't take money out of anyone's pocket except for spending power.
My assets range from municipal bonds to some commodities (that I don't physically hold) to stocks and mutual funds. I've considered the devaluation of the dollar but don't see any sort of immenent crash, so except in my extreme longrange plans I really don't plan for it at all, just like I don't plan for meteor strikes.
Also, it looks like a sizeable percentage of the "bailout" money is going to be returned with interest, which is going to make the overall effort a moneymaker. AIG is getting ready to be divested if their stock offering is approved (which it most likely will be).
---------- Post added at 05:42 PM ---------- Previous post was at 05:41 PM ----------
Linkified and moved to Economics, btw.
__________________
"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
"There ought to be limits to freedom." - George W. Bush
"We have met the enemy and he is us." - Pogo
|