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Post by keefdaman on Aug 22, 2024 17:18:56 GMT -6
A tax on assets (that's what this really is) is the first step towards abolishing private ownership - especially private ownership of the means of production. Now where did we hear that concept? Oh yeah, it's the core belief behind socialism. ANYONE who thinks this tax on unrealized capital gains (aka 'wealth') won't eventually trickle down to everyone else is a moron. That's what 'trickle down' economics really means. That's bullshit and you know it. It is redistribution of wealth, I'll grant you that, but so is Food Stamps, Social Security, Medicaid, etc. See, if the wealth isn't redistributed to some extent there would only be two classes of people, the ultra wealthy(Royalty) and the poor(Commoners). Nothing is sadder than listening to a commoner justify the hoard of the wealthy. Talk about who's the dumb ass muppet. LOL when there is a down year in the markets, can investors claim a deduction for the unrealized loss?
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Post by floridaanticub on Aug 22, 2024 18:49:31 GMT -6
This is worse than the 16th Amendment. This is literally government confiscation of assets. History has already spoken loudly about that topic. The results are tragic. en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_ConstitutionVery interesting. I would expect that an asshole like you would hate it, but it was ratified by the states so that's too bad. That's why tariffs aren't really very good, they tend to be paid for by the poor and middle class. The govt has to have money to operate. Progressive things must get done. I'm sure you'd like to get back to running your plantation and owning slaves. You can’t operate a toilet……..can you?
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momof3
Junior Member
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Post by momof3 on Aug 22, 2024 19:10:38 GMT -6
That's bullshit and you know it. It is redistribution of wealth, I'll grant you that, but so is Food Stamps, Social Security, Medicaid, etc. See, if the wealth isn't redistributed to some extent there would only be two classes of people, the ultra wealthy(Royalty) and the poor(Commoners). Nothing is sadder than listening to a commoner justify the hoard of the wealthy. Talk about who's the dumb ass muppet. LOL when there is a down year in the markets, can investors claim a deduction for the unrealized loss? Great question. I await emerald’s response.
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Post by showme1960 on Aug 22, 2024 20:06:11 GMT -6
No. Tax and collateral are 2 completely different things. My God you are joyful. And retarded. They take loans so they don't have to pay taxes you dipshit. They take out huge low interest loans, then use part of it for their lavish lifestyle while piling up part of it in bonds and stocks at at higher interest returns. You and I don't have the money to get those low interest loans but billionaires have that shit load of collateral so they can. Then they literally show they didn't make any money so they aren't taxed. Then the things they do acquire gain value(usually, but sometimes idiots like Musk destroy the value) and those things are taxed at a lower rate when used or sold. It's a shell game that's been going on for a while. I don't think you know what you're talking about. Admit you don't have a clue or provide some numbers and explain how it works.
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Post by longtimereader on Aug 23, 2024 6:04:00 GMT -6
They take loans so they don't have to pay taxes you dipshit. They take out huge low interest loans, then use part of it for their lavish lifestyle while piling up part of it in bonds and stocks at at higher interest returns. You and I don't have the money to get those low interest loans but billionaires have that shit load of collateral so they can. Then they literally show they didn't make any money so they aren't taxed. Then the things they do acquire gain value(usually, but sometimes idiots like Musk destroy the value) and those things are taxed at a lower rate when used or sold. It's a shell game that's been going on for a while. I don't think you know what you're talking about. Admit you don't have a clue or provide some numbers and explain how it works. emerald is just jealous emerald has ZERO collateral to do anything
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Post by gotscha on Aug 23, 2024 6:17:28 GMT -6
A tax on assets (that's what this really is) is the first step towards abolishing private ownership - especially private ownership of the means of production. Now where did we hear that concept? Oh yeah, it's the core belief behind socialism. ANYONE who thinks this tax on unrealized capital gains (aka 'wealth') won't eventually trickle down to everyone else is a moron. That's what 'trickle down' economics really means. That's bullshit and you know it. It is redistribution of wealth, I'll grant you that, but so is Food Stamps, Social Security, Medicaid, etc. See, if the wealth isn't redistributed to some extent there would only be two classes of people, the ultra wealthy(Royalty) and the poor(Commoners). Nothing is sadder than listening to a commoner justify the hoard of the wealthy. Talk about who's the dumb ass muppet. LOL What do you think most wealthy would have to do in order to pay this tax? If you said 'liquidate some of their assets' you're right. These 'gains' that you want to tax are UNREALIZED. As in 'only exist on paper.' As in 'are not yet real.' You ONLY know the true value of an asset at the point where you sell that asset. Until then it's all just a guess. This 'poor commoner' has done pretty well for myself not in spite of all these ultra wealthy folks, but BECAUSE of these ultra wealthy folks. It was never a poor person that ever gave me a job or paid me for my knowledge and skills. It's just a shame for you that you have no special knowledge or skills to provide anyone. "Would you like to super size your order" isn't a very unique skill. Maybe you should try and develop yourself, rather than waiting on someone else to just hand you something. If you do enough of that, you might find yourself a conservative.
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Post by gotscha on Aug 23, 2024 6:18:58 GMT -6
when there is a down year in the markets, can investors claim a deduction for the unrealized loss? Great question. I await emerald’s response. I heard his response last night. It was the sound of crickets.
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emerald
Banned User
CCard sock
Posts: 2,632
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Post by emerald on Aug 23, 2024 11:56:09 GMT -6
That's bullshit and you know it. It is redistribution of wealth, I'll grant you that, but so is Food Stamps, Social Security, Medicaid, etc. See, if the wealth isn't redistributed to some extent there would only be two classes of people, the ultra wealthy(Royalty) and the poor(Commoners). Nothing is sadder than listening to a commoner justify the hoard of the wealthy. Talk about who's the dumb ass muppet. LOL when there is a down year in the markets, can investors claim a deduction for the unrealized loss? No, you actually have to have a loss to claim a loss. Unrealized gains just means you're holding wealth and it has value. There are many loopholes they have to work out.
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emerald
Banned User
CCard sock
Posts: 2,632
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Post by emerald on Aug 23, 2024 12:06:06 GMT -6
That's bullshit and you know it. It is redistribution of wealth, I'll grant you that, but so is Food Stamps, Social Security, Medicaid, etc. See, if the wealth isn't redistributed to some extent there would only be two classes of people, the ultra wealthy(Royalty) and the poor(Commoners). Nothing is sadder than listening to a commoner justify the hoard of the wealthy. Talk about who's the dumb ass muppet. LOL What do you think most wealthy would have to do in order to pay this tax? If you said 'liquidate some of their assets' you're right. These 'gains' that you want to tax are UNREALIZED. As in 'only exist on paper.' As in 'are not yet real.' You ONLY know the true value of an asset at the point where you sell that asset. Until then it's all just a guess. This 'poor commoner' has done pretty well for myself not in spite of all these ultra wealthy folks, but BECAUSE of these ultra wealthy folks. It was never a poor person that ever gave me a job or paid me for my knowledge and skills. It's just a shame for you that you have no special knowledge or skills to provide anyone. "Would you like to super size your order" isn't a very unique skill. Maybe you should try and develop yourself, rather than waiting on someone else to just hand you something. If you do enough of that, you might find yourself a conservative. Another member of the billionaire suck-up club has spoken. Those taxes you hate paying? Those assistance programs you hate funding with your taxes? Those are all exacerbated by the wealthy not paying decent wages and/or benefits. Fools like you subsidizing the wealthy to fuck you and the poor makes you a financial cuck. We're not talking about the vast majority of well to do people, we're talking about people that have amassed and continue to amass wealth that 99% per cent of people could never hope to achieve even 1% of. You've survived and done "pretty well" for yourself. Congratulations. That doesn't address the problem at all. When an orchard owner buys up all the orchards then he has all the apples. Eventually the wealthy will have all the apples. Do you understand that wealth has to be redistributed some? If not then the wealthy would eventually own it all. You suck-ups to the club you'll never ever be a part of make me sick.
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momof3
Junior Member
Posts: 431
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Post by momof3 on Aug 23, 2024 12:14:13 GMT -6
when there is a down year in the markets, can investors claim a deduction for the unrealized loss? No, you actually have to have a loss to claim a loss. Unrealized gains just means you're holding wealth and it has value. There are many loopholes they have to work out. Then one would have to actually have a gain to claim a gain. It can’t just be one way. You really need to learn a little about economics.
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momof3
Junior Member
Posts: 431
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Post by momof3 on Aug 23, 2024 12:15:47 GMT -6
What do you think most wealthy would have to do in order to pay this tax? If you said 'liquidate some of their assets' you're right. These 'gains' that you want to tax are UNREALIZED. As in 'only exist on paper.' As in 'are not yet real.' You ONLY know the true value of an asset at the point where you sell that asset. Until then it's all just a guess. This 'poor commoner' has done pretty well for myself not in spite of all these ultra wealthy folks, but BECAUSE of these ultra wealthy folks. It was never a poor person that ever gave me a job or paid me for my knowledge and skills. It's just a shame for you that you have no special knowledge or skills to provide anyone. "Would you like to super size your order" isn't a very unique skill. Maybe you should try and develop yourself, rather than waiting on someone else to just hand you something. If you do enough of that, you might find yourself a conservative. Another member of the billionaire suck-up club has spoken. Those taxes you hate paying? Those assistance programs you hate funding with your taxes? Those are all exacerbated by the wealthy not paying decent wages and/or benefits. Fools like you subsidizing the wealthy to fuck you and the poor makes you a financial cuck. We're not talking about the vast majority of well to do people, we're talking about people that have amassed and continue to amass wealth that 99% per cent of people could never hope to achieve even 1% of. You've survived and done "pretty well" for yourself. Congratulations. That doesn't address the problem at all. When an orchard owner buys up all the orchards then he has all the apples. Eventually the wealthy will have all the apples. Do you understand that wealth has to be redistributed some? If not then the wealthy would eventually own it all. You suck-ups to the club you'll never ever be a part of make me sick. Do the Obamas, Clintons, Beyoncé , and Oprah redistribute their wealth? Or do they use it to buy more houses? I mean, the Obamas have multiple houses, and I would think Oprah probably does too. Do they really need multiple houses?
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Post by gotmewrong on Aug 23, 2024 12:30:08 GMT -6
when there is a down year in the markets, can investors claim a deduction for the unrealized loss? No, you actually have to have a loss to claim a loss. Unrealized gains just means you're holding wealth and it has value. There are many loopholes they have to work out. Wow... you're fucking clueless.
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Post by gotmewrong on Aug 23, 2024 12:31:39 GMT -6
Another member of the billionaire suck-up club has spoken. Those taxes you hate paying? Those assistance programs you hate funding with your taxes? Those are all exacerbated by the wealthy not paying decent wages and/or benefits. Fools like you subsidizing the wealthy to fuck you and the poor makes you a financial cuck. We're not talking about the vast majority of well to do people, we're talking about people that have amassed and continue to amass wealth that 99% per cent of people could never hope to achieve even 1% of. You've survived and done "pretty well" for yourself. Congratulations. That doesn't address the problem at all. When an orchard owner buys up all the orchards then he has all the apples. Eventually the wealthy will have all the apples. Do you understand that wealth has to be redistributed some? If not then the wealthy would eventually own it all. You suck-ups to the club you'll never ever be a part of make me sick. Do the Obamas, Clintons, Beyoncé , and Oprah redistribute their wealth? Or do they use it to buy more houses? I mean, the Obamas have multiple houses, and I would think Oprah probably does too. Do they really need multiple houses? These are the same people who brag about Biden/Harris campaign raising 100s of millions of dollars to spend on "advertising". It's incredible how stupid the cult members are.
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momof3
Junior Member
Posts: 431
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Post by momof3 on Aug 23, 2024 12:33:37 GMT -6
Do the Obamas, Clintons, Beyoncé , and Oprah redistribute their wealth? Or do they use it to buy more houses? I mean, the Obamas have multiple houses, and I would think Oprah probably does too. Do they really need multiple houses? These are the same people who brag about Biden/Harris campaign raising 100s of millions of dollars to spend on "advertising". It's incredible how stupid the cult members are. They don’t see their own hypocrisy. They preach about how the rich need to “pay their fair share”, yet they have tons of rich people supporting them who, as far as I know, have never stepped up to say, “I want to pay more taxes!”
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Post by longtimereader on Aug 23, 2024 12:35:59 GMT -6
No, you actually have to have a loss to claim a loss. Unrealized gains just means you're holding wealth and it has value. There are many loopholes they have to work out. Then one would have to actually have a gain to claim a gain. It can’t just be one way. You really need to learn a little about economics. The Muppets want the government to STEAL wealth not give it back.
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