August 30, 2010
Johnston: How Would You Invest $1 Billion Under the Current Tax System?David Cay Johnston has published How Would You Invest $1 Billion Under the Current Tax System?, 128 Tax Notes 1001 (Aug. 30, 2010):
In this column, Johnston poses a question about what to do with a windfall, asking readers to ponder how the tax system affects investment decisions and suggest ways to increase demand for goods and services.
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Given the likelihood of hyperinflation as a form of default on government debt, I would invest in productive land such as farms or timber. Any asset that reliably produces something of value would be a good candidate. Current tax rules would not be a major consideration, because those cannot be relied on to remain the same.
Posted by: AMTbuff | Aug 30, 2010 8:32:00 AM
Posted by: TexEcon | Aug 30, 2010 1:51:39 PM