158

oh no, not my unrealized capital gains! (hexbear.net)

submitted 2 months ago by geese_feces@hexbear.net to c/the_dunk_tank@hexbear.net

80 comments fedilink hide all child comments

The tax applies only to individuals with at least $100 million in wealth and mostly affects hedge fund managers.

here's fox news trying to convince people that the tax will mean that if your home goes up in value, the government will take your house: https://archive.is/Ay89M

"This would be the most crazy tax structure we have ever seen. It makes Venezuela look normal. It makes Russia look normal," Gingrich stressed. "That speech last week in Raleigh, where [Harris] outlined her economic plan, that was crazy. That was so far to the left of Bernie Sanders that Gorbachev in Russia would have thought it was a radical speech."

(page 2) 34 comments

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[-] D61@hexbear.net 12 points 2 months ago* (last edited 2 months ago)

Tell me you didn't read anything about the thing without telling me you didn't read anything about the thing.

This doesn't kick in until you've got 100,000,000 US buckaroos worth of net assets.

[-] kristina@hexbear.net 10 points 2 months ago

lmao i love when it only effects 100 million in wealth but they try to think about the average poor american family having their house appreciate

[-] quarrk@hexbear.net 9 points 2 months ago* (last edited 2 months ago)

Maybe the better solution here is to tax business loans? That would capture the scenario where someone borrows against their unrealized gains, but wouldn’t force sale of assets and potentially cause a feedback loop which tanks the stock market.

Idk just spitballing and also talking out of my ass

[-] quarrk@hexbear.net 9 points 2 months ago

Or just make it that a gain counts as realized the moment it is used to acquire a loan… yeah that’s probably easier

[-] SkolShakedown@hexbear.net 6 points 2 months ago

nobody's willing to work anymore, the just want to take handouts

[-] SoylentBlake@lemm.ee 3 points 2 months ago

I think the upper class should start proposing solutions then, if they don't like the ones going around.

They'd do well to remember what happened to the knights templar, when governments racked up high levels of debt and all wealth was being privately hoarded.

How hard would it really be for the seals to eliminate ~100 people?

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this post was submitted on 25 Aug 2024

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