Art Taxman (El Hombre de Impuestos)

Can a President remake society by Presidential decree?

"I think the president is going to do what he wants to do, because he will have all the power to decide on all things," Krakower says. "I think we're headed toward totalitarianism."

No, no guys... it's not our president that this CNN article is referring to, but that nutjob in Venezuela: Hugo The Chavez!

Though Chavez insists he will respect private property, he plans a new "luxury" tax on everything from second homes to art collections, and the rich will undoubtedly feel the pinch.

Just in case we ever decide to tax art collections in this country, I'm curious how the Venezuelan strong man will decide how much an art collection is worth at the time(s) that it is taxed.

Starting place would be for Chavez to get a full membership in artprice.com

See Bailey's take on the subject here.