The solution is simple. Murder them and all their heirs. Begin a new Bastille Day.
this post was submitted on 06 Jan 2024
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TBF we are talking about unrealized gains. Their investments are worth more on paper, but until they sell them, the actual profit or loss will fluctuate. It would be an accounting nightmare to figure tax on unsold investments every year. I do, however, think capital gains should be taxed at the same rate as wage income.
They should be forced to sell, that is the point. Accounting is complicated because people want to hide wealth. None of this is actually complicated it's just been made complex.
"But what if I become rich... I should vote against my best interests just in case."
In terms of unrealised gains, that's kind of a tricky one. They certainly do benefit massively from unrealised gains though, like anyone would on paper.
Do these nimcompoops realize that the existing wealthy elite, few in their number, got that way by exploiting social safetynets and taxpayer funded infrastructure for their gains?
So cleary, if we want to be able to generate more wealth and more millionaires/billionaires, better social programs and infrastructure will get them there. Imagine how much easier it’ll be to become wealthy if you don’t have to give employees insurance, or tuition reimbursement? Or if there’s an amazing system of roads, rails, and ports to move your goods to consumers? God, you could become a successful businessman and still have a conscious. Best of both worlds.
It's a good thing ZERO Justices have taken luxurious trips and gifts paid for by these same exact billionaires that could inject literally TRILLIONS into our communities!