Listeners’ Questions, Peter’s Answers- October 27, 2011
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Tina from Huntington Beach, CA
How could Sen. Schumer’s plan to sell homes to foreign investors in exchange for a visa change the housing market for average middle-class Americans? My husband and I are waiting to buy our first house here in Orange County, CA. When would you buy? Would you?
Umesh from San Jose, CA
With the Fed Reserve approving dumping high-risk assets into the deposit bank side of their banking business, which is backed by FDIC, how will this impact the taxpayers?
Joe from Juneau, WI
Jim Richards said that although there would be inflation and China will buy fewer U.S. bonds, the bond market will not fall apart because many of the bailed out U.S. banks are now basically nationalized through government regulation and will be forced to buy U.S. bonds. This will also keep down interest rates. Thoughts?
Nick from Richmond, VA
If a person decides that America is doomed and has the mobility to leave, where would you recommend he/she goes? What two or three countries do you think will fare better as the U.S. empire collapses?
Walter from New York, NY
What do you think about land value taxation? This was once proposed by the Physiocrats in France and Thomas Paine in the U.S. in his pamphlet “Agrarian Justice.” I understand that it removes taxes from all capital, improvements, buildings, houses, labor, and sales; and it leaves taxes only on the market value of land. What is your take on that?
