zlacker

>>southe+(OP)
I wonder if this is coming up just before the election because of the Harris campaign’s suggested policy of capital gains tax on unrealised gains for people who have over $100m in assets? I think this is a great idea personally given what these people are doing to avoid paying tax including taking out loans against their own share portfolios. Worth thinking about what people are willing to do to not pay billions of dollars worth of taxes.

>>andy_p+ex
You know what else was a "great idea" that was supposed to be only for the wealthy class? The income tax [1]. 100 years later and all of a sudden everyone is paying it.

[1] https://www.pbs.org/newshour/economy/making-sense/the-income...

>>sakopo+tb2
Yup I totally agree, because bad things can happen we shouldn't try to do anything. Much simpler.

>>coffee+0c2
Maybe if you stopped with the sarcasm and thought about this critically you'd see that the solution isn't taxing everyone to death, but reducing the out-of-control government spending. Because at the rate the government is spending money, you will be paying this "capital gains" tax in 2 decades on a much smaller balance.

>>sakopo+HD2
A new type of tax on the absolute wealthiest of the wealthy is not "taxing everyone to death." I'm sure there are some great ways we can reduce/improve government spending, but that is completely separate from the idea that the mega-rich should be paying more.