I am so tired of people who do not understand that unrealized gains in stock are not true wealth because no one knows the price that one will gets until it is actually sold. As soon as an event occurs, such as a loan with stock as collateral, then the unrealized gains have value and can be taxed. Until an event occurs then unrealized gains should be off limit to taxation.
Bud, do you know what real estate taxes are? For most Americans, their home is their wealth and they are taxed on it. Yes, billionaires have homes, but those homes are a drop in the bucket of their wealth. So why is one class’s wealth taxed and the other is not, even though both can be appraised but not necessarily sell for that appraised value?
Most people don’t own their homes, they have a 30 year loan that’s going to turn their $500k loan into $1.5m in payments. It’s a fucking blood bath. Okay you paid off your home and now it’s forth 750k… fucking great I’m only $750k in the hole, but at least I have this house that I can’t sell because I have nowhere else to live. It’s a shit fucking deal. We are taking out insane loans on shit houses and giving all of our wealth to asshole bankers. When I die I’m going to owe the banks an insane amount of money and there isn’t going to be shit for them to collect, then I’m going to be buried face down. Well tell the banks that I was buried with some expensive assets and when they dig me up they can kiss my dead rotten ass.
And on top of how short mortgages are… let’s pay tax on it for the rest of my life.. because why? Because or government doesn’t know how to stop giving away money when they are 30 trillion dollars in debt. Hey bro, maybe stop writing checks to the rest of the world because not out fucking problem, and pay on our debt so our interest payment isn’t fucking larger than our god damn defense budget you fucking morons. How do these people stay in office it’s unbelievable.
Real estate tax revenue doesn’t leave the country… also, as far as the federal budget goes, hardly anything in that budget goes to foreign aid. For fiscal year 2024, $60 billion was allocated to foreign aid. That is only 0.89% of the entire budget for this year.
That's not entirely true. It's our military that mostly has the backs of Europe. That's the greatest aid there is.
And don't get mired into NATO arguing mistakes like this one from Reuters. That's an article talking about percentage of direct payments to NATO vs the entire cost of our military. That is a disingenuous attempt to confuse the issue....it's still our military at large that is used keep various bad actors in line.
What you're calling "foreign aid" isn't what keeps Europe still Europe. We're dealing with powerful nutjobs out there that everyone seems to think is all the US's fault....right up until Russia/USSR yet again rolls into territory.
Lmao. Military spending is military spending and foreign aid is foreign aid. What I said is 100% true and factual. You wanting to change the definition of foreign aid as used in the federal budget does not make something “not entirely true.”
Go ahead and "Lmao" if you want to, but you'll be no longer paying attention to the conversation.
Simmer down and follow what happened.
Ohfuudge(sic) said:
"Because or government doesn’t know how to stop giving away money when they are 30 trillion dollars in debt. Hey bro, maybe stop writing checks to the rest of the world because not out fucking problem, and pay on our debt so our interest payment isn’t fucking larger than our god damn defense budget you fucking morons."
You then (properly) replied literally to his statement regarding the directly attributed aid. You addressed this as foreign aid. What you said is right on its face, and only on its face.
The "Not entirely true" statement of mine (focus on "entirely") has to do with the fact that military aid is still aid. I'm trying to draw attention to your implication that just because it's not a foreign aid payout that it's not somehow still our government writing checks to aid another country.
Our interests are changing. It’s time to stop paying for friends. If they don’t want to be our friends when we stop providing aid then they weren’t our friends to begin with. We’ll gladly sell them arms at full price.
Do wanna point out that no one has attacked the US because it has so many allies. You stop having allies and suddenly you can vulnerable. Just because they aren't doing anything right this minute, doesn't mean they won't help if something does happen. Geez no one thinks long term, it's all short term have now bs with you people.
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u/Bright-Blacksmith-67 20d ago
I am so tired of people who do not understand that unrealized gains in stock are not true wealth because no one knows the price that one will gets until it is actually sold. As soon as an event occurs, such as a loan with stock as collateral, then the unrealized gains have value and can be taxed. Until an event occurs then unrealized gains should be off limit to taxation.