tag:blogger.com,1999:blog-9279394.post2492848922444710142..comments2023-10-06T08:53:14.731-04:00Comments on Eternal vigilance: Mandatory economic individualizationRicketsonhttp://www.blogger.com/profile/02579799843541826447noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9279394.post-79218591224887406502013-02-14T16:59:13.446-05:002013-02-14T16:59:13.446-05:00Good point.Good point.Ricketsonhttps://www.blogger.com/profile/02579799843541826447noreply@blogger.comtag:blogger.com,1999:blog-9279394.post-31771034291474981202013-02-14T16:02:25.386-05:002013-02-14T16:02:25.386-05:00I think an even bigger barrier to the implementati...I think an even bigger barrier to the implementation of economic cooperation is the assumption (again, a by-product of tax policy) of a sharp dichotomy between capital assets and consumer goods. It pretty much rules out the possibility of, say, a "prosumer" (in <a href="http://en.wikipedia.org/wiki/Prosumer#Producer_and_consumer" rel="nofollow">the McLuhan/Nevitt/Toffler sense</a>, of course.) The rule that "you can't take a capital loss on the house you live in" appears to be a powerful incentive to go into the slumlording business, at which point the house magically becomes a business asset subject to capital losses, and the non-land part to depreciation. Likewise, one has to be recognized as a commercial entity to get the "sales tax license" which also serves as a marker of the solid line between goods purchased for business use, and sometimes the same goods from the same merchants, purchased for consumption.Lorrainehttps://www.blogger.com/profile/13567383019731167967noreply@blogger.com