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" ... All of which brings us to the persistent devaluation of the dollars we earn by our monetary authorities. As Flax puts it, “inflation leaves our money, but confiscates its value.” ... "
" ... The trend is ugly. The new administration’s long-vowed to hike all Federal taxes on the well-to-do, and to lower the bar on taxable estates to just a few million, meaning many – if not most – readers of this piece will be paying aplenty. And if you still live in New York (I myself fled as a tax-sensitive lad at the tender age of 29 or so), note the NY estate tax – yes Virginia this is on top of the Federal estate tax – starts at the very first dollar for those exposed, and not only on wealth above the threshold “exemption” level, as for the Federal and most States’ estate taxes. As in so many other things, NY innovates and confiscates here as well. ... "
" ... Trust is the principle the business was based on, Gustke says. “We’re dead serious on preventing fakes,” he says, adding that the company confiscates any it finds. ... "