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The Dollar Is Dead

mathmeetsmoney.substack.com

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Re: The Dollar Is Dead

#321

Post by bawana »

pas wrote: post #263
bawana wrote: post #200

Earlier quoted context omitted.

The IRS taxes americans no matter where they are or where they take their money. The US is only one of two nations in the world with citizenshp based taxation. And if you want to renounce your citizenship, 35% exit tax. The only solution is to make a foreign corporation (Apple keeps its income in Ireland for example) and hide your money there (The City of London does a brisk business setting up corps in their old col…

https://en.m.wikipedia.org/wiki/Foreign_earned_income_exclus... a tax credit of more than 130K USD ... for most expats this seems like completely negating their US taxe burden, no?

I guess investment income doesnt count. Dont know about stock options your company gives you but that usually isnt considered earned income

Re: The Dollar Is Dead

#322

Post by 827a »

rssoconnor wrote: post #229
827a wrote: post #228

Earlier quoted context omitted.

CAD/USD is down ~5.3% over the past 20 years.

How much is it down over the past 30 years? FWIW, my mental CAD/USD price anchor was set when I was coming of age at 0.75 CAD / USD. Today it at 0.73 CAD / USD, and I've seen it touch 0.60 ish and pass parity in my lifetime.

IMO: 30 years isn't relevant to look at, because its ancient history (I'm calling both of us ancient here). It pushes back too far beyond 2008 & the GFC to capture data that isn't relevant to the modern global economy. Everything about everything about the world, today, is a consequence of the GFC, and its likely that by the year 2100 we'll still talk about it as among the most significant things to happen to the world in the past century. Maybe the most significant.

Re: The Dollar Is Dead

#323

Post by DrScientist »

Bombthecat wrote: post #284
DrScientist wrote: post #267

Earlier quoted context omitted.

Explain to me the benefit of attracting the wealthy if they don't pay tax? Come to our country - have our police and courts and soldiers protect you wealth - all for free. Oh - and because you are not paying tax - can I borrow some of that wealth please so I can pay for the stuff I'm providing for you free - I'll give you a healthy return. The rich benefit the most from civilisation - and it costs - you can't just ke…

They still pay vat at least and employe cleaners etc. Better then nothing

They even try and avoid VAT - an example if flying a private jet outside the country to 'buy' it.

Or in the case of Abramovich - allegedly create a whole circular set of sham companies to avoid paying VAT on your super yacht.

See https://www.thebureauinvestigates.com/stories/2025-06-19/cyp...

Re: The Dollar Is Dead

#324

Post by mattwilsonn888 »

regnull wrote: post #131

I think this argument suffers from the same problem as many arguments of similar kind. It goes like this: if A then B. If B then C. If C then D. It all makes sense. Every single one of these steps makes sense. Except, if you have a chain with five steps and every one of them has a 90% likelihood, the whole chain has only 60% likelihood. And it’s probably less the 90% for each step, in reality. So, you can come up wit…

Why is 90% for each step such an insurmountable probability?

Maybe it's completely unreasonable for you to assume the causation for each step isn't on the order of 99%. Your argument is too abstract to be a relevant rebuttal.

Re: The Dollar Is Dead

#326

Post by vannevar »

ethbr1 wrote: post #208
nwatson wrote: post #203

Earlier quoted context omitted.

It creates rich-people dollars and poor-people dollars. The poor people can still afford a buy a few necessities because rich-people money is tied up in useless vain endeavors, at least to some extent. If rich were to direct all their purchasing power toward real goods they could drive up the prices and make it unaffordable for regular people. As happens with the housing market to some extent. Edit: unautocorrect

> As happens with the housing market to some extent. As happens in any market with limited supply , which generally means desirable land and luxury goods.

All demand is not created equal. The rich buy more houses than they need for shelter, in order to produce income. This essentially creates an artificial shortage of homes for purchase by actual homeowners. I believe that is what the commenter was referring to.

Re: The Dollar Is Dead

#328

Post by IAmGraydon »

starmole wrote: post #238
IAmGraydon wrote: post #224

Earlier quoted context omitted.

It’s not about just switching the graph. It’s about looking at the entire graph, at which point it becomes obvious that the current pullback of the dollar has happened many times and is completely normal. Don’t get me wrong - the current administration seems hellbent on destroying it, but what we’re currently seeing does not justify alarm yet.

Really appreciate the very serious reply. But my initial comment had a very different intent: Economic analysis like in the linked article is crazy to me. Predictions for 15 years out! With graphs to support it! That seems mad to me, and especially the confidence of it.

Ah I see. Thanks for the clarification and sorry for the misread.

Re: The Dollar Is Dead

#330

Post by Ey7NFZ3P0nzAe »

Bombthecat wrote: post #284
DrScientist wrote: post #267

Earlier quoted context omitted.

Explain to me the benefit of attracting the wealthy if they don't pay tax? Come to our country - have our police and courts and soldiers protect you wealth - all for free. Oh - and because you are not paying tax - can I borrow some of that wealth please so I can pay for the stuff I'm providing for you free - I'll give you a healthy return. The rich benefit the most from civilisation - and it costs - you can't just ke…

They still pay vat at least and employe cleaners etc. Better then nothing

Until they lobby hard enough to have a reduced VAT on luxury goods as it happened in France. The argument being, you guessed it, otherwise they would buy stuff elsewhere.
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