Comments by "dlukton" (@dlukton) on "The Importance of True Asset Diversification" video.

One of my concerns is that, at some point in the future, the US will go through a period of inflation that is even worse than what occurred during the 1970's. If that were to happen, it would be easy enough to hedge against that.... ON A PRE-TAX BASIS.... by investing in tangible assets. But what about on an AFTER-TAX basis? One of the nightmare scenarios is that the political left gets control of the US government; they then raise the capital gains tax rate to 40%; they then appoint a guy to head the Federal Reserve with instructions to devalue the US dollar at a rapid rate (e.g., 15-20%... in the hopes of "stimulating" the economy). Under that scenario, an investment in precious metals or commodities would do just fine on a PRE-TAX basis, but there would likely be significant losses on an after-tax basis. Under such a scenario, people (outside the US) who are not under the control of the IRS would have an enormous advantage over those who ARE under the control of the IRS (i.e., US citizens).
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@patriotpioneer That's probably true; ALTHOUGH they'd start with a tax on assets FIRST, and only later go to outright confiscation. Which means, I'd have time to get out of the country with my money intact.
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There may be a potential tax angle on this, even for people who retain their US citizenship. I think it might be the case that if a US citizen buys raw land in a foreign country, and keeps that raw land in his own name (i.e., not in the name of a corporation that he owns), he isn't required to inform the IRS of the purchase.... or at least, most foreign governments would not be required... by the US government.... to report the transaction to the IRS.
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