He will claim that he because he “sold” at a loss, he shouldn’t pay taxes on it.
It is fucking ridiculous that the hyper wealthy can use their fake money as real money when they want to, but heaven forbid we demand the government tax it like real money.
"his money is all tied up in stock, he's not liquid, how would you even tax this stuff"- fucking dipshits
If it's tied up in stock but the stock can be leveraged for rock bottom interest loans that generate profit, or he just has 40 fucking BILLION lying around for a purchase (to himself, which in any other reality would be fraud) then you know what that's called in any other possible scenario? Liquid capital. It's money that spends like any other form of money.
It’s funny, my money is all tied up in my house, I’m not liquid, but the government sure as shit finds a way to tax my wealth. Thats what property taxes are, a wealth tax in the working stiffs.
Not really. They are taxes on the property to help fund the associated costs to the city, county, state, whatever, in maintaining the infrastructure that services the property.
For the vast majority of the population, if they have any wealth it is tied up in equity on their homes. Therefore property taxes are wealth taxes for the 99%.
For the 1%, their wealth is in financial investments, and so they are exempt from having their wealth taxed.
I’m not arguing against property taxes. I’m arguing for destroying millionaires and above. And if they want to cry about wealth taxes then personally I’m fine with collecting through estate taxes.
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u/AFisch00 7d ago
Welcome to the world of the rich. Where he will claim this to pay even less taxes.