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My question is this - assuming that hard assets are not hit (homes, cars), could buying gold bars be considered a hard asset and remain protected ?

IE - buy $100K in gold bars and no matter what the wealth tax could be on liquid assets, the value of the gold bars will remain untouched since they are considered as "not liquid". (Assuming gold remained at a constant price). Almost like if a person owned a $1M boat. That is not considered as part of their wealth and could not be expected to liquidate fast.

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Assuming "hard assets" would be excluded is a pretty big assumption. If we did a "wealth tax", it would probably cover the same items as the current "estate tax" -- which includes "gold bars" and $1 million boats.

intercst
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