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@Zahlanzi saidIs this the post you speak of?
yet you can take loans against it. interest free loans. you can use that to buy more stock.
funny how someone who technically has no money to tax keeps increasing their wealth.
#1: You say that one can get loans using it as collateral. Right. So what am I to say to that. I could say 'right', like suzianne does. OK, right!
#2: One can use the borrowed funds to buy stock. Right again. No comment.
#3: Yes, Right, a man can borrow OPM and use it to increase his wealth. Today I might borrow money and buy a great fund for my grandchild's investment account, symbol SPY. So, Right !! I cannot believe you wrote this rote set of facts and expect a comment. Could you spend your time beetter by telling us who this Walz socialist is?
@Kilroy70 saidYour post is gibberish.
You said "This is medieval economic thinking".
I'm saying no, you're the one who seems to be missing the good old days, when no one had a choice. Whose side were you on during the revolutionary war?
Try again; maybe you could explain how Congressional alteration of the tax code to make it less favorable to the economic elite is like reinstalling a king. It seems quite the opposite to me.
@KellyJay saidYou can buy or sell stock in seconds on the internet (though it might not be finalized until the end of the business day). Heck, I could go over right now to a website for the exchange in Singapore and buy whatever stock I wanted.
And that is meaningless unless I sell it, I owned Intel stock when it was high but it didn’t stay there. You put up speculation on value as actual earnings you have entered the twilight zone!
You guys are pitifully behind the times; stocks are extremely liquid assets these days.
@AverageJoe1
And you can't STAND Biden getting ANY credit for ANYTHING just like Trump HATED the idea of Biden getting any credit for the BIPARTISIN border bill and so he got his pet Squeaker of the House Mikey to kill the bill and into the trash it went.
Oh, I forgot, we are supposed to believe Trump is old news, doesn't have anything to do with the formerly called Republican party, you remember, they used to be for law and order, till Trump arrived, now he has felon convictions, businesses shut down by the government for grift and fraud and stolen TS docs by the hundreds and as a result of that national security is a joke to what used to be called the republican party and you are just as complicit as Trump himself.
Big point here is that taxes have to, have to, go up.
There is no political will or interest in cutting spending. And no better case study for that fact than a conservative majority in the house and senate while Trump was president and funding for all their fun pork projects skyrocketed.
So, if taxes go up because politicians are pansies, then who pays more taxes? I think taxing the unrealized gains on anything outside of your primary home makes the most sense.
Once rich people realize that politicians are after their money, they will start supporting politicians who can actually balance the budget through spending cuts.
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@no1marauder saidNo one is disputing we can do a transaction and buy or sell, my point is anything can gain and lose value without us doing anything. So what we have can become valuable or worthless, and we can be just living life not doing any financial activity. BUT YOU want us to be subject to unrealized financial gain because some auditor/IRS agent gets a wild hair up their but and claim you are now worth more.
You can buy or sell stock in seconds on the internet (though it might not be finalized until the end of the business day). Heck, I could go over right now to a website for the exchange in Singapore and buy whatever stock I wanted.
You guys are pitifully behind the times; stocks are extremely liquid assets these days.
@sonhouse saidThere is a lot about taxes that are not logical just punitive, it’s taking away your money under the force of law. The legal process of demanding your money by force!
@KellyJay
Why does the government tax our property again and again and again, even though we are making ZERO on it other than a place to live?
So a 100K property getting 2% property tax, in 50 years we would have paid 100K PLUS the 100K we paid for the place.
Where is the logic in that?
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@KellyJay saidWTF are you talking about? The value of liquid assets is easily available as I already showed you.
No one is disputing we can do a transaction and buy or sell, my point is anything can gain and lose value without us doing anything. So what we have can become valuable or worthless, and we can be just living life not doing any financial activity. BUT YOU want us to be subject to unrealized financial gain because some auditor/IRS agent gets a wild hair up their but and claim you are now worth more.
You and the other right wingers aren't making any sense pretending that information that is public is some great mystery.
And my point exactly is that those earning wealth by "doing nothing" are favored by our tax system over those doing productive work.
@KellyJay said"Your money" was earned because of the existing social and economic system, Expecting you to contribute the share a representative government finds appropriate to maintain that system sounds more than fair to me.
There is a lot about taxes that are not logical just punitive, it’s taking away your money under the force of law. The legal process of demanding your money by force!
@no1marauder saidWith all due respects, I do not get the negative aspects of the 'economic elite' reference. Let's keep it simple.
Your post is gibberish.
Try again; maybe you could explain how Congressional alteration of the tax code to make it less favorable to the economic elite is like reinstalling a king. It seems quite the opposite to me.
You say it like it is a bad thing? If a guy does everything right, background notwithstanding,.....like, here he is....he has done well, very philanthropic, he heads up a fundraiser to provide medical treatment to children with an xyz disease,.... He Is An Economic Elite that everyone adores for his good works.
So you bump into him at a Starbucks, he is sitting alone.....he graciously says, "Sure , you may join me, this place is really packed."
Start the conversation.........................................................?
@no1marauder saidMaking money with transactions within a system it is fair that some should support the system. But again an opinion of what something is worth in a time where nothing is being done to confirm its value, until a willing participant agrees. You want instead an opinion from someone who stands to gain from jacking up the price/value without a transaction, someone who would not even play a part in any future transaction, what could go wrong?
"Your money" was earned because of the existing social and economic system, Expecting you to contribute the share a representative government finds appropriate to maintain that system sounds more than fair to me.
@KellyJay saidI'll repeat this one more time and maybe you'll get it through your thick skull:
Making money with transactions within a system it is fair that some should support the system. But again an opinion of what something is worth in a time where nothing is being done to confirm its value, until a willing participant agrees. You want instead an opinion from someone who stands to gain from jacking up the price/value without a transaction, someone who would not even play a part in any future transaction, what could go wrong?
The value of any liquid asset like a stock is easily available public information you can find on the internet in seconds. An opinion from a third party is not necessary.
Tell me you understand now or I'll just give up trying to explain simple facts to someone who is so willfully and stubbornly ignorant.
@sonhouse saidAm I the only one who cannot follow Sonhouse’s multifaceted posts?
@AverageJoe1
And you can't STAND Biden getting ANY credit for ANYTHING just like Trump HATED the idea of Biden getting any credit for the BIPARTISIN border bill and so he got his pet Squeaker of the House Mikey to kill the bill and into the trash it went.
Oh, I forgot, we are supposed to believe Trump is old news, doesn't have anything to do with the formerly called Republ ...[text shortened]... joke to what used to be called the republican party and you are just as complicit as Trump himself.
I am at a loss. Word salad, not unlike Camela’s stabs at talking.
Note how few interviews, if any, Camela gives. You’ll say how did AvJoe know. Is it a variation on the ‘Basement Biden Gambit’?, a derivative of the old Casablanca Exchange?
@wildgrass said“….Fun pork projects…”🤣🤔😂
Big point here is that taxes have to, have to, go up.
There is no political will or interest in cutting spending. And no better case study for that fact than a conservative majority in the house and senate while Trump was president and funding for all their fun pork projects skyrocketed.
So, if taxes go up because politicians are pansies, then who pays more taxes? I t ...[text shortened]... y, they will start supporting politicians who can actually balance the budget through spending cuts.
First tell us if Biden, deciding one day to pay off tuitions for college students (leaving destitute women to struggle wit barefoot children), had a pork project with….you guessed it, ….paying off tuitions for college students. Graduates, actually..
Fun Pork Project. Free up 6-figure salaried grads. 🙄
Then run the other pork projects by us.
Can you say I
“I love being a lib dem “ 10 times without puking?!?!?
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@AverageJoe1 saidNo.
“….Fun pork projects…”🤣🤔😂
First tell us if Biden, deciding one day to pay off tuitions for college students (leaving destitute women to struggle wit barefoot children), had a pork project with….you guessed it, ….paying off tuitions for college students. Graduates, actually..
Fun Pork Project. Free up 6-figure salaried grads. 🙄
Then run the other pork projects by us.
Can you say I
“I love being a lib dem “ 10 times without puking?!?!?
We went over this, you can't barely compare. Bidens policies contributed less than half to debt compared to what Trump's spending was.
Republicans are fiscally irresponsible to think they can cut taxes and raise spending.