Many economists and experts and essentially people who don’t think that government is some combination of God and Willy Wonka, able to produce magical goodies out of thin air, have increasingly fled the dollar and begun investing in gold.
So what’s a desperate statist regime to do? Put more taxes in that health care takeover that “isn’t a tax.”
Per ABC:
Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change.
This provision, intended to mine what the IRS deems a vast reservoir of uncollected income tax, was included in the health care legislation ostensibly as a way to pay for it.
What a twisted definition of taxable income: protecting your wealth from being virtually wiped out by rampaging inflation. It’s like being told you’ve grown taller when you were one of the few people the government didn’t chop off at the knees.
