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 threadthree20threeSep 19, 2024
Wouldn’t that affect things like Home Equity loans?
Show threadPacattack57
No because the mínimum for this to apply is 100 million.
Sep 20, 2024 at 12:46amWeb
Show threadObjectivityIncarnateSep 20, 2024
The government also told the public that the income tax was going to apply only to rich people, how’d that turn out?