Seems like the first step should be taxing those personal loans that are being used as income. That seems like a simple fix (simple by tax code standards, I’d still expect such a law to be ridiculously complex).
I do worry about the unintended side effects a of a wealth tax targeting stock ownership directly. That just gives the rich an incentive to squeeze more value out of their investments in order to cover their tax bill. And it seems like it would likely push private companies into selling out more as they grow since the money has to come from somewhere, thus giving even more incentive to cave in to investors who just want to make a quick buck and don’t care about the long term survival of the company.
Weren’t like a lot of serial killers in the 70s and 80s doing shit like that cause of sexual frustrations? Wouldn’t being castrated basically create more of that?
I remember going to the zoo, they had some endangered wild horses from Asia, iirc, as breeding program.
The zookeeper was explaining to some parents that they males were rocking back and forth to masturbate. Also, that they had given them things to make them horny as fuck.
Nobody asked about the giant piles of jizz everywhere.
pay income taxes that are only a tiny fraction of the hundreds of millions, if not billions, their fortunes grow each year.
What is this garbage? If I own a house/gold/collectable/toilet paper during covid/… and the value goes up, am I supposed to pay taxes? Do I get money back if the value goes down again? That is no income. It really is that simple. Yes, we still need to find a way do deal with this.
Take any of the other examples, it is obviously not what I meant. Instead, it is just a tax that exists for a different purpose (not income) that happens to change with value.
Corporations with marketable securities or hedges have to adjust their value every quarter, known as marking to market, and declare the change as income. Price goes up, they pay tax; price goes down, they get credit. It’s a huge pain, and it would be tough for us mere mortals to do, every quarter or every year, on $1000 of TSLA, but it seems pretty reasonable to apply to individuals with 8-figure portfolios.
You really didnt read the article right?! Because they explained exactly that: one way they avoid taxes is buy borrowing money giving the stocks as collateral… the interest they pay is way lower than the taxes they would have paid…
The Palo-Alto-based SuperPAC, backed by tech giants like Facebook co-founder Dustin Moskovitz and LinkedIn founder Reed Hoffman, is raising at least $10 million to help better understand the algorithms that help Trump and his allies dominate vertical video platforms.
"Is raising." That's their goal, not what they have raised. Headline is misleading.
Insulation can only do so much. It’s sufficient in some countries and areas of the US, but in others it’s just way too fucking hot. When it gets to 100+ degrees F during the day for multiple days in a row, insulation isn’t going to keep your house cold for long.
In my home country, Portugal, there is a massive house price bubble (especially in relation to the average incomes over here, which are much lower), so over half of young University students are leaving the country when they graduate, the average age for people leaving their parent’s home is 34 and young adults have children later and have fewer of them, all in one of the most aged countries of Europe.
Whilst I don’t expect all of the same problems in the US, things like delayed parenthood and lower birth rates tend to really fuckup up the Economy over the course of a couple of decades since they lead to falling populations and importing people from countries with lower educational standards doesn’t exactly help a country’s Economy keep high-value-added industries running.
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