>be billionaire>say you cannot be taxed because your wealth is in stocks, so your gains are not realized>but can borrow using your stocks as collateralwhy is this allowed
>>543757398Collateral is a gamble the investor makes
>>543757398loans are not taxable income
>>543757398Same reason legal settlements aren’t taxable. Vote harder!
>>543757446>>543757448explain to me why they cannot pay a wealth tax by transferring the due amount in shares
>>543757955because the rules only apply to the working class
>>543757398Because the laws are written by the upper class to benefit the upper class.
>>543757398stocks are valuableyou give bank stocksbank gives you loan with small interestborrowing money is not revenue so no taxbecause you did not sell stock, stock gives you dividend similar to owning a house and renting it outpay interest and reinvest money made from dividendsloan again stocks and get more liquid moneythis is allowed because growing value is not taxable, imagine getting a rare pokemon card from a 10$ pack and the goverment asks you more taxes because it's more valuable, it can only tax you from the original value or when you sell it for profitthe card is valued at 1000$ so you loan it to your friend(your friend has gathered money from his mom and she pays him a buck for each month he keeps her money) he gives you 500$ and you pay more interest than her mom at 2 bucks per month, your friend uses your interest to pay back his mom and also make profitany more questions or do you get it?
>>543757448So why can't I tell my employer not to pay me a taxable wage, but instead give me an equivalent line of credit at 0% interest?
>>543757398by your calculation i would be millionaire, but in fact i have low wage and live like bum.. i know, i know, but im hodling not selling, hahahahaha, im not selling and thats all
>>543758270>it can only tax you from the original value or when you sell it for profitthis is the retarded part, it should be able to tax you on its current value in a given fiscal year, and if you have no cash to pay up then it should be able to take partial ownership of your shitty pokemon card based on the percentage of the wealth tax in place
>>543757398jews
>>543758644think about, what if the government taxed you because of debt?no one can buy carsno one can star businessesno one can buy housesno one can have businesses growbut anyway, logically you are still the owner, the bank takes your pokemon card in case you don't give back the money, you can't tax someone because he loaned something to you, that's unfair, imagine having to pay taxes everytime you burrow your friend's car
>>543757448Then why am I taxed for owning bonds?
>>543759098Yea but I am not talking about myself or anyone in this thread, we have no wealth here, our income comes from work which gets taxed at much higher rates.I am talking about people with net worths of over a billion USD, debt applies differently on them than on us, their networth grows faster than the interest on the loans they take out
>>543757448But the money used to pay off the loan is taxable unless you can pay the bank with stock swaps tax free, which they can.
>>543757398>why is this allowedThe billionaires control the lawmakers, not the other way around. We don't call it corruption because we call it lobbying instead. The same corporate powers fund both parties to make sure your vote is meaningless. Welcome to capitalism.
they are not taxed until they sell the stocks and cash out and that makes perfect sense.it makes no sense to tax someone based off temporary gains in the stock market, when a day later those gains could be wiped out
basically you can not tax unrealized gains, stop being a faggot
>>543758644>this is the retarded part, it should be able to tax you on its current value in a given fiscal year, and if you have no cash to pay up then it should be able to take partial ownership of your shitty pokemon card based on the percentage of the wealth tax in placeHmmm it's almost as if your taxation scheme is just a mechanism to gradually confiscate private property over time and bring about communism through the backdoor with no one noticing..
>>543757398>tax the rich!>still poor>buys an house>decides to refinance>gets taxed because of his previous decision>poorer>the rich had already left the country>decides to open a business with his refinanced money>can't get investors interested as the terms in his shithole "tax the rich">ends up poorerIt doesn't solve your problem
>>543757446>Collateral is a gamble the investor makesThe Jew sophist appears instantly...1. Pay your capital gains taxes2. You may now borrow against said collateral>but but but!!Fuck you, pay up
>>543757398It's the only thing keeping the fake US economy alive.
