-Removed-That's ridiculous BS.
The rise in an asset's value is real whether you immediately change it to different pieces of paper or not. It's the same as the valuation of real property i.e. based on market value. You've made distinctions that don't equate to a difference.
"Theft"???? LMAO! You're sounding like Wajoma.
@no1marauder saidNo-Answer-Marauder.
I use the same definition for investment as economists: https://www.econlib.org/library/Enc/Investment.html#:~:text=What%20Is%20Investment%3F,the%20result%20of%20forgoing%20consumption.
Trading one piece of paper for another piece of paper isn't Investment in Economics.
That almost rhymes.
What rhymes with 'link', I may be able to come up with a song.
@AverageJoe1 saidSo.....? What to do in this case????
Note how you leave the amount of tax 'open-ended'.
Mr Moneypenny is sitting in his office, at his factory employing 1000 people. Because of inflation, caused by someone in the govt, that same govt comes to the office door and asks Mr Moneypenny to pay more in tax so that they can distribute that money to those 1000 workers.
If there is another downturn, they wi ...[text shortened]... rom the wealthy people, who create the jobs that are enjoyed by the workers.
You can do this.
Taxes gotta go up somewhere. It's the only fiscally responsible thing to do.
Taxes gotta go up primarily because republican spending over the last 25 years have raised debt to inconceivable levels. Interest on the debt is something like $2 billion per day.
Tax the bejeezus out of everyone until the debt is under control. Maybe rich people will start supporting political candidates who are realistic with federal budgeting.
@wildgrass saidRaising taxes on the working and middle classes would depress consumer spending which accounts for up to 75% of GNP. This could likely trigger an economic downturn which because of the countercyclical effect of government fiscal policy would increase the deficit.
Taxes gotta go up somewhere. It's the only fiscally responsible thing to do.
Taxes gotta go up primarily because republican spending over the last 25 years have raised debt to inconceivable levels. Interest on the debt is something like $2 billion per day.
Tax the bejeezus out of everyone until the debt is under control. Maybe rich people will start supporting political candidates who are realistic with federal budgeting.
@AverageJoe1
Why would wealthy megadoners, who are aware of the folly of taxing unrealized gains, give millions of dollars to Democrats intent on taking more of their money? Why would they do that?
I don't get it. It seems counterintuitive. Are they expecting backroom deals that would insulate them from this proposed money grab? 🤔
oops, never mind... I think I just answered my own question. 🧔♀️
-Removed-Individual homeowners pay property tax on projected value, in many cases far exceeding the actual price are which the asset was purchased and the resale value.
Other forms of wealth can work the same way. The only reason this hasn't happened yet is because of political donations from wealthy elites.
-Removed-Show you how? If appraisal value increases then taxes go up. I didn't make money or sell real estate.
It appeara the key is owning assets that fall outside standard definitions of property, or being rich enough to afford lawyers who artificially deflate the value of your property.