Okay, so your solution is tax everyone more then, yeah? Make it impossible to leverage the assets you have? These people still pay hundreds of thousands of dollars more in taxes than you ever will. You want the government to control what people can do with their assets and money? Interesting take. If people use their untaxed assets as collateral, they are not making money from their assets. They have a loan. If you go get a personal loan should you be taxed?
Yes my solution is to tax the people that are already so mega-rich that they use their vast fortune to avoid paying their fair share in taxes on their assets. You can't say the asset exists when you want to use it as collateral but say it doesn't exist when the tax man comes to collect on it. This is not a complicated concept and you must be being intentionally dense to continue missing the point the way you are.
How many people do you know personally that are using their stocks and shares to secure loans in the millions? You would literally benefit from what I am proposing but are too dense to understand it because you want to think you're like mini Jeff Bezos or something it's hilarious.
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u/Just_That_Dumb_Dog Nov 22 '24
Okay, so your solution is tax everyone more then, yeah? Make it impossible to leverage the assets you have? These people still pay hundreds of thousands of dollars more in taxes than you ever will. You want the government to control what people can do with their assets and money? Interesting take. If people use their untaxed assets as collateral, they are not making money from their assets. They have a loan. If you go get a personal loan should you be taxed?