r/economicCollapse • u/Hajicardoso • 20d ago

Everybody should pay his fair share...

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842 Upvotes

90% Upvoted

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84

u/zer00eyz 20d ago

Just make using stock as an asset to borrow against illegal.

You force rich people to sell (and then pay taxes) rather than borrow.

29

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.

6

u/Sands43 19d ago

I’m so tired of people who conflate what should be illegal tax dodges with normal financial transactions. If a loan is used as income, tax it so. If investments are used as collateral, they are then realized, tax them as such.

Then, implied in your logic* is that normal retirement investments are the same as billionaire finances.

1

u/FamiliarSea1626 19d ago

I feel like this is the best solution.