Let me explain to you how I, who holds significant assets, views the marketplace.
I own some stocks. I made a lot of money, but I haven't sold that stock.
The current way it works is if I sell, I owe capital gains. So I set some aside for taxes, and the rest I use to buy my groceries. But usually I want to make even more money so I don't sell. I just eat ramen.
I can calculate how much to sell each year so I can have a moderate income while still increasing my wealth over time. If I eat more ramen, I can eat more steak in the future. I pay a littke in taxes each year, and the money stays in the marketplace where it is used to drive the economy. My ramen habit helps people find jobs.
What she wants is for me to pay taxes on things I haven't sold yet. I don't have any money to pay those taxes, so it forces me to sell before I want to. And that drives the price down while forfeiting future gains I could've had if I waited. And it takes money out of the economy and causes jobs to evaporate.
Remember, commies hate wealth. They hate good jobs and investors. They want us all to work in their factories making tanks and eating gruel. They don't want us making iPhones and patriot.win websites!
It dries up the cash in circulation, thus there would be tighter government control on the monetary flow.
One more problem is that it inhibits compound interest. That is horrible for the people who saved money for their retirement. The people who are doing the right thing are getting punished.
Let me explain to you how I, who holds significant assets, views the marketplace.
I own some stocks. I made a lot of money, but I haven't sold that stock.
The current way it works is if I sell, I owe capital gains. So I set some aside for taxes, and the rest I use to buy my groceries. But usually I want to make even more money so I don't sell. I just eat ramen.
I can calculate how much to sell each year so I can have a moderate income while still increasing my wealth over time. If I eat more ramen, I can eat more steak in the future. I pay a littke in taxes each year, and the money stays in the marketplace where it is used to drive the economy. My ramen habit helps people find jobs.
What she wants is for me to pay taxes on things I haven't sold yet. I don't have any money to pay those taxes, so it forces me to sell before I want to. And that drives the price down while forfeiting future gains I could've had if I waited. And it takes money out of the economy and causes jobs to evaporate.
Remember, commies hate wealth. They hate good jobs and investors. They want us all to work in their factories making tanks and eating gruel. They don't want us making iPhones and patriot.win websites!
It dries up the cash in circulation, thus there would be tighter government control on the monetary flow.
One more problem is that it inhibits compound interest. That is horrible for the people who saved money for their retirement. The people who are doing the right thing are getting punished.