Funny events in anti-woke world
- Thread starter Agema
- Start date
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.
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.
Better points were made by them, you just choose to ignore them. Again, experts in taxes know more than you on taxes.
...do you think market valuation is judged by guessing?
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 sold they'd incur capital gains. That would be the change. That's the whole point.
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?
Those things are often quite fun because they painfully expose how crap the people writing them are. (I suspect many of them are also made up for comic awfulness.)
Market valuation is unfixed, for stocks, it changes by the minute.
Have you heard of property tax before? If you want a tax to disincentivize owning homes en masse, use property tax.
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?
"Sure, it was a rape threat, but it was just a joke, sis!"
The Stockholm Syndrome is strong in this one.
So? There are mechanisms already in place to assign normalised values. Such normalised values are already used for countless purposes.
Uh-huh, an easy way around which is to exempt first (or even first and second) properties. Such was already proposed.
Uhrm, no, nobody ever suggested such a system. An unrealised gains tax would make that completely redundant.