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<p>[QUOTE="IdesOfMarch01, post: 6616274, member: 39084"]While I doubt this is the proper forum to debate macroeconomic cause-and-effect relationships, I would point out that it's much more likely that the 2018 tax cuts did far more to increase the prices of high-end collectibles (art, coins, rare cars, etc.) than the current COVID bill could possibly do. Since approximately 65% of the 2018 tax cuts went to the top 20% of income earners, and this group is more in a position to speculate in high end collectibles, a theoretical case can be made that the enormous rise in high-end ancient coin prices in the last two years is at least correlated to this tax cut.</p><p><br /></p><p>Note that I'm not initiating a political discussion here, just pointing out the obvious correlation (which does not imply cause).[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 6616274, member: 39084"]While I doubt this is the proper forum to debate macroeconomic cause-and-effect relationships, I would point out that it's much more likely that the 2018 tax cuts did far more to increase the prices of high-end collectibles (art, coins, rare cars, etc.) than the current COVID bill could possibly do. Since approximately 65% of the 2018 tax cuts went to the top 20% of income earners, and this group is more in a position to speculate in high end collectibles, a theoretical case can be made that the enormous rise in high-end ancient coin prices in the last two years is at least correlated to this tax cut. Note that I'm not initiating a political discussion here, just pointing out the obvious correlation (which does not imply cause).[/QUOTE]
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