933
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
(lemmy.world)
Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Someone here has made a false assumption. In fact, I'm pretty sure we both have made several. The question is who has made a fatal false assumption? Let's go.
My root comment, at the top of all of this, was my idea that perhaps we should consider gains "realized" when they are sold OR used as a collateral in a loan.
Your assertion is that it would wipe out small investors.
I would question how many small investors are using their small investments as collateral in a loan?
Anyone doing more than DCA retirement has collateralized their holdings for margin, prerequisite to options.
You said small investors not Wallstreetbet degenerates.
I said investors, not zero-effort DCA into a managed fund. My "degenerate" ways bought my freedom. I didn't have to beat the big fish, just people like you who think they're the smartest person in the room.
But sure, now we're just insulting each other, I'm going to ignore that and try to answer your point.
TBH. US tax is weird as fuck, and I don't know nearly enough about it to have more than a high level discussion on it. In my head, this would simply change when you're paying taxes, as opposed to how much.
But.... Nope. Tried to reason about it, can't think of a nice clean way out. It's friday afternoon. I'm out.
What is your alternative solution to the over all problem?