Texas Statewide Proposition 9, November 2019 Election

[technovelist]

We are going to vote on this tomorrow. Thanks for the heads-up!

[ochotona]

Looks like Prop 9 passed, narrowly... in other words, maybe it was needed.

[technovelist]

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.

[Tyler]

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.

[jhogue]

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.

[technovelist]

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.

[jhogue]

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?

[technovelist]

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.

[jhogue]

Do you know of any plans for Texas to strike their own gold coins?

[technovelist]

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.

[ochotona]

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.

[technovelist]

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.