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submitted 1 year ago* (last edited 1 year ago) by Allonzee@lemmy.world to c/microblogmemes@lemmy.world

Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

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[-] Copernican@lemmy.world 1 points 1 year ago

"can" vs "do" are different things. The meme quote describes hypothetical use, not actual use, as being something that should be taxable.

[-] Annoyed_Crabby 5 points 1 year ago* (last edited 1 year ago)

What you mean by "hypothetical use" vs "actual use"? In your own comment you mention nothing about "hypothetical use" yet here you talk about one, OOP also failed to mention anything about hypothetical use and only talk exclusively about unrealised gain. If unrealised gain(stock, asset, etc) is used to trade for another item, then yes, it's already a realised gain, the tax should be levied on the item purchased or the asset sold, whichever makes sense. If the unrealised gain is used to secure a loan, then no, it shouldn't be taxed because it's only change hand on paper, and the loan came with interest, and you have to pay back that loan. Net worth is nothing but a dick measuring contest, taxing it makes no sense.

So no, unrealised gain shouldn't be taxed because it's unrealised, it's like taxing a grocery store's unsold item.

this post was submitted on 19 Sep 2024
1599 points (96.8% liked)

Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

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