If anyone seriously tries to propose taxing unrealized capital gains, I would love to ask the question, are you therefore going to provide tax deductions for unrealized capital losses? If one makes sense, the other must, too.
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Curious where you think the greed comes into play from those wanting tax reform? Do you not agree that there is something unfair about the mega rich having a lower effective tax rate than the working class? Or having access to avoidance schemes that the lower classes do not?
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Because money is about allocating resources. The reason you give money to people who start successful companies is because that is at least some predictor of whether they know how to allocate resources.
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Don't worry, I wasn't expecting an answer from you haha. Just curious on your thoughts beyond what was explicitly said in your original tweet
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I think people miss that the loophole is taking loans backed by assets, close that loophole and the uber wealthy will need to sell their shares to keep their lifestyle or increase their salaries (in case they work for the company) both of which would derive tax income for the gov
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That to me would be a much more reasonable proposal.
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That sounds like a terrible idea. Welcome to IKEA selling each furniture part separately just to have them on a lower tax bracket. What people don't realise is that the more complex your tax code is, the more loopholes it will have. We need to "depesimise" it before being clever.
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