grte@lemmy.ca to Canada@lemmy.ca · 7 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square135fedilinkarrow-up1612arrow-down148
arrow-up1564arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.cagrte@lemmy.ca to Canada@lemmy.ca · 7 months agomessage-square135fedilink
minus-squaremaxprime@lemmy.mllinkfedilinkarrow-up3arrow-down2·7 months agoBut capital gains only execute when you sell.
minus-squareoriginalucifer@moist.catsweat.comlinkfedilinkarrow-up8arrow-down3·7 months agoall stock market trades should be taxed at 100% value. dont like it? dont gamble ‘invest’
minus-squareLostWon@lemmy.calinkfedilinkarrow-up4arrow-down1·edit-27 months ago…or just abolish the stock market (at least that’s how I read this).
minus-squareLostWon@lemmy.calinkfedilinkarrow-up4·7 months agoAnd no doubt every other closely-tied economy, as well.
minus-squarehelenslunch@feddit.nllinkfedilinkarrow-up2arrow-down1·7 months agoDo they get a tax refund when they take a loss as well?
minus-squaremaxprime@lemmy.mllinkfedilinkarrow-up3·7 months agoThe problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.
But capital gains only execute when you sell.
all stock market trades should be taxed at 100% value. dont like it? dont
gamble‘invest’…or just abolish the stock market (at least that’s how I read this).
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And no doubt every other closely-tied economy, as well.
Do they get a tax refund when they take a loss as well?
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The problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.