Wow...so articulate and to the point! If you've not posted excerpts of this on "X"...then please do. The root of this type of tax goes back to a biblical admonishment: Do not covet thy neighbor's oxen, house, and dare I say, Porsche.
If you made a Steel Man of the unrealized gain argument - this is what you would be talking about.
But since Harris cannot articulate the issue and it's so much easier to just say Taxes Bad... we get to see the Marc Zuckerberg's and techbros getting 1% home loans from FRB and SVB, and those banks subsidizing the ultra wealthy on the back of American Income Tax Payers.
Of course it's more complicated but the idea that Unrealized Gains should be Taxed if they are going to be borrowed against - and put into use in the economy is not. The money spends the same as money from wage income - it should be taxed the same. We need more sophistication in the dialogue here. We don't want neo-feudalism in wealth like they have in Europe - the real reason new business creation is so terrible in Europe.. the generationally controlled private family companies in Europe don't like competition - we don't want that in America, we don't want policies that favor the accumulation of wealth in a few people's hands.
That suggestion to tax unrealized capital gains is actually a good sentiment indicator of a market top. Coupled with the extremely bullish sentiment (CFTC data showing bullish bets on e-mini futures, for example), a market top is likely near if not already upon us.
Truly depressing to see such terrible and irresponsible policies being floated
Wow...so articulate and to the point! If you've not posted excerpts of this on "X"...then please do. The root of this type of tax goes back to a biblical admonishment: Do not covet thy neighbor's oxen, house, and dare I say, Porsche.
Come to Canada after the next election, we’d love to have you.
Long time listener, first time caller. Agreed and Agreed...... but Here is what you don't address: https://www.reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/buy_borrow_die_explained
If you made a Steel Man of the unrealized gain argument - this is what you would be talking about.
But since Harris cannot articulate the issue and it's so much easier to just say Taxes Bad... we get to see the Marc Zuckerberg's and techbros getting 1% home loans from FRB and SVB, and those banks subsidizing the ultra wealthy on the back of American Income Tax Payers.
https://housingforwardva.org/news/fwd-187-silicon-valley-bank-collapse-fhlb/
Of course it's more complicated but the idea that Unrealized Gains should be Taxed if they are going to be borrowed against - and put into use in the economy is not. The money spends the same as money from wage income - it should be taxed the same. We need more sophistication in the dialogue here. We don't want neo-feudalism in wealth like they have in Europe - the real reason new business creation is so terrible in Europe.. the generationally controlled private family companies in Europe don't like competition - we don't want that in America, we don't want policies that favor the accumulation of wealth in a few people's hands.
That suggestion to tax unrealized capital gains is actually a good sentiment indicator of a market top. Coupled with the extremely bullish sentiment (CFTC data showing bullish bets on e-mini futures, for example), a market top is likely near if not already upon us.
I thought you were pretty smart until the Pierre comment Americans should never comment outside their borders.