thing about warren is she's not actually dumb, she will literally just promise anything for power
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interesting thing here is not that she once again went out of her way to bring up jeff bezos, but that she used him to defend the targeting of unrealized gains specifically. this would be cataclysmic for the economy, and would pretty much nuke the technology industry.https://twitter.com/CNBC/status/1420365294179061764 …
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The weird thing is that despite utterly bombing out of the presidential primaries because she was chasing far-left voters, she's back doing it again.
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Seems hyperbolic on your part. It would depend on the tax rate. But better than taxing unrealized gains, tax companies based on market cap, not income. Would minimize the accounting games and impede bubble formation.
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Right so like GME and AMC, they should be taxed on market cap that a bunch of redditors manipulated? Also, what do you think capital gains (realized or unrealized) are based off?
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So no home equity lines of credit?
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I thought a fairly straightforward way ahead here would be to trigger taxable gain recognition on any asset used as loan collateral.
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That's actually a very interesting thought... needs some filling out but the basis has some promise.
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That’s the goal
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