[dmos62]

Is taxing investment absurd?

[quickthrowman]

In physical metals that don’t generate income or induce further economic activity, I don’t believe so. What good does a hunk of gold sitting in a safe do for the economy?

[fuzzfactor]

>What good does a hunk of gold sitting in a safe do for the economy?

Not a whole lot once legal tender certificates can no longer be redeemed for the same amount of metal year after year.

[pfannkuchen]

This investment is now taxed more than other types of investment. Is sales tax charged when you buy stock? Should it be?

[kyboren]

"Tax what you want less of."

Do you want less investment?

[ahtihn]

Why would you want to encourage investment in gold?

[mapontosevenths]

Gold is not an investment. It takes otherwise productive capital out of the economy and produces nothing. It's functionally no different than stuffing your money in a mattress.