Funny events in anti-woke world

tstorm823

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There's a question of how to judge the value, but that's not much of a bigger issue than for regular capital gains.
Regular capital gains is literally just "what you sold for minus what you paid for it". For any major capital asset, both those numbers should be well documented. Judging the value for realized capital gains is literally subtraction. There is no subjective judgment involved, there is no guessing, there is no issue.
It's a bigger problem for such enormous wealth to sit in unutilised or underutilised assets.
Nearly all of the enormous wealth of billionaires is invested in corporations. What asset is being underutilized? No cash is being locked in a vault, no physical commodity is being hoarded, and if they were to sell or give away all the stocks, they would just be owned by other people, the businesses they represent ownership of would not inherently be effected by changing hands.
 

Silvanus

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Regular capital gains is literally just "what you sold for minus what you paid for it". For any major capital asset, both those numbers should be well documented. Judging the value for realized capital gains is literally subtraction. There is no subjective judgment involved, there is no guessing, there is no issue.
...do you think market valuation is judged by guessing?

Nearly all of the enormous wealth of billionaires is invested in corporations. What asset is being underutilized?
Cool, then those corporate shares are generating income.

A prime example of assets sitting underutilised would be property. In London, enormous office buildings in Zone One, countless floors, and thousands of flats & houses sit empty, providing nothing to anyone but a valuation bump for the owner and something they can liquidise at some hypothetical future point. Property becomes just a storage device for wealth to avoid tax, and loses the purpose the building originally had.

if they were to sell or give away all the stocks, they would just be owned by other people, the businesses they represent ownership of would not inherently be effected by changing hands.
If they were sold they'd incur capital gains. That would be the change. That's the whole point.
 
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Silvanus

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Better points were made by them, you just choose to ignore them. Again, experts in taxes know more than you on taxes.
You've just chosen a commentator that agrees with you, that's all. That's not "experts in taxes". If I showed you an economist or financial nonprofit saying big business taxes should rise (and there are plenty), you'd immediately dismiss it.

I brought up several specific points they made, and they were bunk. Now you can't point to one you'd credit. Do you have any thoughts of your own?
 

tstorm823

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...do you think market valuation is judged by guessing?
Market valuation is unfixed, for stocks, it changes by the minute.
Cool, then those corporate shares are generating income.

A prime example of assets sitting underutilised would be property. In London, enormous office buildings in Zone One, countless floors, and thousands of flats & houses sit empty, providing nothing to anyone but a valuation bump for the owner and something they can liquidise at some hypothetical future point. Property becomes just a storage device for wealth to avoid tax, and loses the purpose the building originally had.
Have you heard of property tax before? If you want a tax to disincentivize owning homes en masse, use property tax.
If they were sold they'd incur capital gains. That would be the change. That's the whole point.
So you want the stock market to be a system where rich people are forced to sell their assets back and forth periodically just to collect tax on it. Why would anyone invest in anything in that system?
 

Silvanus

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Market valuation is unfixed, for stocks, it changes by the minute.
So? There are mechanisms already in place to assign normalised values. Such normalised values are already used for countless purposes.

Have you heard of property tax before? If you want a tax to disincentivize owning homes en masse, use property tax.
Uh-huh, an easy way around which is to exempt first (or even first and second) properties. Such was already proposed.

So you want the stock market to be a system where rich people are forced to sell their assets back and forth periodically just to collect tax on it. Why would anyone invest in anything in that system?
Uhrm, no, nobody ever suggested such a system. An unrealised gains tax would make that completely redundant.
 
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BrawlMan

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No wonder her sister disowned her. I would have done the same. Biatch threw her own flesh and blood under the bus. And their parents are dead. She and her husband can go to hell for all I care.

Are parents continually tell my older brother and I had to watch out for each other. This is the shit we don't want, nor will we ever stoop to the level, that woman and her husband had done.
 
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Agema

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"Sure, it was a rape threat, but it was just a joke, sis!"
Oh, it's much more than that. This is a typically self-pitying and self-justifying "Am I the arsehole?" post which makes it clear that as far as the author is concerned, this is all the other person's fault and nobody else (like her husband for his aggravating comment) has anything to answer for. Thus with that context, her 'apology' seems likely insincere.
 
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Hades

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It’s so SCHOOVER!

is what I’d like to say but I see this ending with a wimper. At the end of the day no one wants new elections. Least of all NSC which manoevered themselves into a position where everyone hates them. Those not aligned with the far and hard right hate them for abandoning all principles to make this coalition happen, and everyone with a stake in this coalition hates them for the vestiges of their morals requiring the other parties to compromise their far/hard right ideals to keep NSC on board.

It’s no better for Wilders. New elections give him some chances but much more risk. MAYBE they’ll get a hard right majority and Wilders becomes PM but PROBABLY they need another party and no one wants to work with him after what happened.

Or the VVD of which the leader put much of her own political reputation on making a hard right government happen. It failing so quickly and chaotically would weaken her position.
 

Casual Shinji

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It’s so SCHOOVER!

is what I’d like to say but I see this ending with a wimper. At the end of the day no one wants new elections. Least of all NSC which manoevered themselves into a position where everyone hates them. Those not aligned with the far and hard right hate them for abandoning all principles to make this coalition happen, and everyone with a stake in this coalition hates them for the vestiges of their morals requiring the other parties to compromise their far/hard right ideals to keep NSC on board.

It’s no better for Wilders. New elections give him some chances but much more risk. MAYBE they’ll get a hard right majority and Wilders becomes PM but PROBABLY they need another party and no one wants to work with him after what happened.

Or the VVD of which the leader put much of her own political reputation on making a hard right government happen. It failing so quickly and chaotically would weaken her position.
Also, Faber is doing such a great job. And who knew that the "position elsewhere" that got Omtzigt his fame turned out to be true - dude's really been a dead fish this whole time.
 
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Bedinsis

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A prime example of assets sitting underutilised would be property. In London, enormous office buildings in Zone One, countless floors, and thousands of flats & houses sit empty, providing nothing to anyone but a valuation bump for the owner and something they can liquidise at some hypothetical future point. Property becomes just a storage device for wealth to avoid tax, and loses the purpose the building originally had.
BritMonkey shared your concern.

He suggest Georgism.
 
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