That simplistic comparison has absolutely zero relationship to reality. Think about it a bit more, if you know how making money on stock investing works, and see if you can find the differences.
“I wont explain my point that is very much wrong, and instead will (attempt to) make you sound like the fool, when in reality I am an insufferable douchebag that cant see he has tread into water before learning to swim”
I didn’t think I had to explicitly repeat what I said in a couple other comments I made on the matter. I won’t cut and paste that for you, (and since you set the mode to name calling) shithead.
To play devil’s advocate, a lot of money that is tied up in retirement accounts of the “average Joe” would also be taxed, so if your retirement accounts aren’t outpacing your income tax rate, then it’d hurt main street too
Yes, if no special cases are welritten into the law. Though there would be no way to outpace the tax as your wealth is being taxed not the money being added to the wealth.
Retirement accounts aren’t really a great example because they’re already supposed to be tax exempt or tax delayed. However the principle is the same. I just described what would happen to a emergency savings fund with a 20% wealth tax 8on another comment
Now, in reality no sane politician would put a blanket rule in. Instead it would be anything over x amount of money. While that may appeal to populism, it is still double taxation and an injustice.
A more just effect can be attained through better means, like actually enforcing progressive tax laws that take more taxes as the income gets progressively higher.
Here, progressive is not related to the political movement.
MasterBlaster@lemmy.world 1 month ago
That simplistic comparison has absolutely zero relationship to reality. Think about it a bit more, if you know how making money on stock investing works, and see if you can find the differences.
Derpenheim@lemmy.zip 1 month ago
“I wont explain my point that is very much wrong, and instead will (attempt to) make you sound like the fool, when in reality I am an insufferable douchebag that cant see he has tread into water before learning to swim”
10/10, no notes.
MasterBlaster@lemmy.world 1 week ago
Lol.that is all.
MasterBlaster@lemmy.world 1 month ago
I didn’t think I had to explicitly repeat what I said in a couple other comments I made on the matter. I won’t cut and paste that for you, (and since you set the mode to name calling) shithead.
Derpenheim@lemmy.zip 1 month ago
I dont talk to someone assuming they know what I said to some other dude 15 minutes ago. I can tell youre terminally online
Thunderwolf@lemmy.world 1 month ago
To play devil’s advocate, a lot of money that is tied up in retirement accounts of the “average Joe” would also be taxed, so if your retirement accounts aren’t outpacing your income tax rate, then it’d hurt main street too
MasterBlaster@lemmy.world 1 week ago
Yes, if no special cases are welritten into the law. Though there would be no way to outpace the tax as your wealth is being taxed not the money being added to the wealth.
Retirement accounts aren’t really a great example because they’re already supposed to be tax exempt or tax delayed. However the principle is the same. I just described what would happen to a emergency savings fund with a 20% wealth tax 8on another comment
Now, in reality no sane politician would put a blanket rule in. Instead it would be anything over x amount of money. While that may appeal to populism, it is still double taxation and an injustice.
A more just effect can be attained through better means, like actually enforcing progressive tax laws that take more taxes as the income gets progressively higher.
Here, progressive is not related to the political movement.