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Conversation with my daughter today
Message
From
19/08/2014 09:11:05
Dragan Nedeljkovich
Now officially retired
Zrenjanin, Serbia
 
 
To
18/08/2014 13:35:29
General information
Forum:
Family
Category:
Children
Miscellaneous
Thread ID:
01604148
Message ID:
01606062
Views:
38
>>Seriously, is there any limiting principle?
>
>Yes, the money is taxed each time it changes hands.

Could that be one of the reasons there are so many middle...persons invented, and sometimes made mandatory? I remember farmers in some areas are forbidden to sell to anyone but wholesales. In some places they had to fight for special licenses to sell the produce (and wine and fruit and cheese) to visiting tourists. Or why is it so hard to sell/buy a house without an agent?

OTOH, various swaps, options, futures and other papers with funny names aren't exactly taxed each time they change hands, but only periodically, when decided which of the earnings are long and which short term investments.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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