AllonzeeSep 19, 2024

Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.

https://lemmy.world/post/19957740

Let's play the rich get everything. The rules are the rich get everything. participation is mandatory. - Lemmy.World

Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

Show threadGoodieSep 19, 2024

I think a law stating you can’t borrow against unrealized gains would be sensible.

You can keep your unrealized gains forever, live of your dividends for all i care, and pay no tax. But realizing them, either through selling or borrowing against, triggers a taxation.

Show threadRubberDuckSep 19, 2024
Or doing so, it counts the loan as income and is taxed accordingly. But seriously, the main aim itself can also be taxed. A house is…
Show threadGoodieSep 20, 2024
You’d have to put some controls in there for that solution to work. Hitting new homeowners with an immediate tax on “earning” $1,000,000 to pay for their house seems a bit cruel.
Show threadPacattack57
The unrealized gains is for 100 millionaires or more. I don’t think there is anyone with 100million in unrealized home value.
Sep 20, 2024 at 12:45amWeb
Show threadGoodieSep 20, 2024

I was talking for a hypothetical world where that law isn’t a thing and simply paying capital gains in “realized” gains is.

Nut hey, yeah, sure, 100mil works too.