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To: LeGrande
This is the problem. A gold standard is an idea whose time has come and gone. I know that it feels good to have money that is actually worth something, but as history has shown that is a bad idea. A little inflation (devaluation of the currency) is actually a very good idea. It promotes growth and investment. A currency that increases or maintains its value is very harmful to the economy, because hoarding becomes a viable option and the economy comes to a grinding halt.

You're certainly entitled to your beliefs. Would you OBJECT to Ron's initial proposal for a total elimination of all Sales and Capital Gains Taxes on the exchange of Gold? If you're right, and Gold is no longer suitable as Money but only as an Investment -- he's proposing a 100% Tax-Free Investment Commodity. Surely a Savvy Trader could make use of that where appropriate.

That isn't what I got out of reading some of his stuff, but if that is the case, I agree 100%. Like I said, I am inclined to vote for him, bad fiscal policy and all.

Ron Paul has ALWAYS supported Free Trade, and openly declares himself a "Free Trader". He believes that US workers and industries are perfectly able to compete if tax and regulatory burdens are reduced domestically, and he opposes Protectionism. His beliefs are Constitutional; he opposes Multinational "Trade Authorities" which can infringe upon US Sovereignty. That is his position.

79 posted on 03/30/2007 8:09:44 AM PDT by OrthodoxPresbyterian (Please Ping or FReepMail me to be added to the Great Ron Paul Ping List)
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To: OrthodoxPresbyterian
You're certainly entitled to your beliefs. Would you OBJECT to Ron's initial proposal for a total elimination of all Sales and Capital Gains Taxes on the exchange of Gold? If you're right, and Gold is no longer suitable as Money but only as an Investment -- he's proposing a 100% Tax-Free Investment Commodity. Surely a Savvy Trader could make use of that where appropriate.

I actually like the idea of taking the taxes off of gold. Basically it is the same idea as taking the capital gains taxes off of our houses and yes it would provide some nice hedging opportunities.

Less taxation is always a good idea :)

90 posted on 03/30/2007 8:26:44 AM PDT by LeGrande (Muslims, Jews and Christians all believe in the same God of Abraham.)
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