Texas Statewide Proposition 9, November 2019 Election

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Tue Oct 29, 2019 3:08 pm

We are going to vote on this tomorrow. Thanks for the heads-up!
User avatar
ochotona
Executive Member
Executive Member
Posts: 3175
Joined: Fri Jan 30, 2015 5:54 am

Re: Texas Statewide Proposition 9, November 2019 Election

Post by ochotona » Wed Nov 06, 2019 5:51 am

Looks like Prop 9 passed, narrowly... in other words, maybe it was needed.
User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Wed Nov 06, 2019 9:37 am

ochotona wrote:
Wed Nov 06, 2019 5:51 am
Looks like Prop 9 passed, narrowly... in other words, maybe it was needed.
I don't think we can have too many protections against government theft.
User avatar
Tyler
Executive Member
Executive Member
Posts: 1876
Joined: Sat Nov 12, 2011 3:23 pm
Contact:

Re: Texas Statewide Proposition 9, November 2019 Election

Post by Tyler » Wed Nov 06, 2019 9:54 am

I'm surprised an anti-tax vote was that close in Texas, but then again I can imagine the average voter looks at a proposition about taxing gold and thinks "only rich people and cartoon ducks own gold, so why not?"

In any case, I did my part. 8)

Image
Mechanical engineer, history buff, treasure manager... totally not Ben Gates
User avatar
jhogue
Executive Member
Executive Member
Posts: 492
Joined: Wed Jun 28, 2017 10:47 am

Re: Texas Statewide Proposition 9, November 2019 Election

Post by jhogue » Wed Nov 06, 2019 12:01 pm

A win for "Don't Mess With Texas" attitude.

BTW, technovelist, I love your new avatar. The Saint Gaudens $20 double eagle is my favorite coin design of all time.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Wed Nov 06, 2019 5:25 pm

jhogue wrote:
Wed Nov 06, 2019 12:01 pm
A win for "Don't Mess With Texas" attitude.

BTW, technovelist, I love your new avatar. The Saint Gaudens $20 double eagle is my favorite coin design of all time.
Mine too. Btw, that is a picture of the 2008 test restrike of the original high relief coin.
User avatar
jhogue
Executive Member
Executive Member
Posts: 492
Joined: Wed Jun 28, 2017 10:47 am

Re: Texas Statewide Proposition 9, November 2019 Election

Post by jhogue » Wed Nov 06, 2019 5:50 pm

I think I read somewhere that Teddy Roosevelt wanted the high relief coin for general circulation but the Treasury told him that it was impractical because it would not stack properly.

Have you tried stacking your 2008 restrike?
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Wed Nov 06, 2019 6:24 pm

jhogue wrote:
Wed Nov 06, 2019 5:50 pm
I think I read somewhere that Teddy Roosevelt wanted the high relief coin for general circulation but the Treasury told him that it was impractical because it would not stack properly.

Have you tried stacking your 2008 restrike?
No, for two reasons:
1. I have only one of them.
2. I don't want to mess it up. It has a fair amount of numismatic value, maybe $400 over the gold price.

BTW, it's a 2009, not a 2008. It's my Acura TL-S that's a 2008 collectible. >:D
User avatar
jhogue
Executive Member
Executive Member
Posts: 492
Joined: Wed Jun 28, 2017 10:47 am

Re: Texas Statewide Proposition 9, November 2019 Election

Post by jhogue » Wed Nov 06, 2019 6:49 pm

Do you know of any plans for Texas to strike their own gold coins?
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Wed Nov 06, 2019 7:03 pm

jhogue wrote:
Wed Nov 06, 2019 6:49 pm
Do you know of any plans for Texas to strike their own gold coins?
That would not be Constitutional: https://www.heritage.org/constitution/# ... te-coinage
But recognizing privately minted coins as legal tender would be perfectly Constitutional.
I'm pretty sure they are going to do that.

I have also heard that they have plans to issue debit and/or credit cards settled by transferring ownership of gold held in collective storage.
User avatar
ochotona
Executive Member
Executive Member
Posts: 3175
Joined: Fri Jan 30, 2015 5:54 am

Re: Texas Statewide Proposition 9, November 2019 Election

Post by ochotona » Thu Nov 07, 2019 8:17 am

I know many of you gush about Texas, but I just looked at my property taxes, and they exceed 2% of the value of my property, which is pretty bad in my view. It's not a low tax State... it could be depending on your holdings and your sources of income. It's a mixed bag.
User avatar
technovelist
Executive Member
Executive Member
Posts: 5580
Joined: Wed Sep 15, 2010 11:20 pm

Re: Texas Statewide Proposition 9, November 2019 Election

Post by technovelist » Thu Nov 07, 2019 8:34 am

ochotona wrote:
Thu Nov 07, 2019 8:17 am
I know many of you gush about Texas, but I just looked at my property taxes, and they exceed 2% of the value of my property, which is pretty bad in my view. It's not a low tax State... it could be depending on your holdings and your sources of income. It's a mixed bag.
Yes, it's a mixed bag:
No income tax or capital gains tax.
Relatively high sales taxes.
Fairly high property taxes, but that depends A LOT on where you live and whether you get over-65 and homestead exemptions.

The tax rate on my current rural property, with both of those exemptions, is a little less than 1%.
If and when we move to a higher cost area near Austin, our taxes will go WAY up, probably tripling in all due to the higher rate and more expensive housing.
Post Reply