almost_genocide

@almost_genocide@lemmy.world

• ⁨Comment⁩ on ⁨The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily⁩ ⁨⁨1⁩ ⁨hour⁩ ago⁩:

  Also? A new realization event should be defined: collateralization. When you take out loans against the value of your stock/bond/whatever holdings, you are realizing gains from those assets - you wouldn’t have gotten the line of credit otherwise.

  This is a pure red herring. County property assessors are a thing. We already have systems in place to address this concern.

• ⁨Comment⁩ on ⁨The rich convinced us that taxing them is too complicated but everyday people can be taxed pretty easily⁩ ⁨⁨1⁩ ⁨hour⁩ ago⁩:

  Say you are taxed 10% on the value of all the stocks you own, this means you have to sell 10% of your stocks annually, and by selling stocks you make those stocks less valuable for everyone… so technically they should be taxed less because value drops down?

  Just a note, suggesting a 10% tax is pure fear mongering that billionaires and capitalists use to scare people. The average property tax rate in the United States is 1.1% so that’s a reasonable percentage to give. People don’t sell 1% of their home every year.

  Property taxes are a thing. Stocks are property.