this post was submitted on 16 Feb 2024
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[–] [email protected] 91 points 10 months ago (3 children)

I mean that’s beautifully put…..

But unfortunately it’s simpler than that. It’s the story of a reasonable man that achieved beyond his dreams and then flipped sides because of money and status.

“Suddenly I have an opinion on the capital gains tax.” Type of stuff.

[–] [email protected] 14 points 10 months ago (1 children)

Was he a 'reasonable man' before or after he decided the moon landings were fake?

[–] [email protected] 10 points 10 months ago (1 children)

I, too, have an opinion on the capital gains tax. It should be taxed at the same rate as income. We can let them keep the exception on the first half million in profit because I'm feeling nice today.

[–] [email protected] 10 points 10 months ago (3 children)

It’s actually higher in many scenarios.

What needs to be taxed like income is loans against the stocks

[–] [email protected] 6 points 10 months ago (1 children)

Or a simple .01 cent financial transaction tax. Absolutely no effect on the average person, a huge way to raise revenue from bankers and stock traders.

[–] [email protected] 1 points 10 months ago

Agreed, or just a minimum amount of time that stocks can be owned to kill the high-frequency traders.

[–] [email protected] 1 points 10 months ago

Oh yeah that's right. I forgot about Buy, Borrow, Die.

I agree, though I'd have to do something thinking about the exact right way to implement a tax on that kind of behavior.

[–] [email protected] -3 points 10 months ago

Tax idle stock while you're at it. 1% per share, per current price, per quarter.