@[email protected] to [email protected] • 8 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.ca@[email protected] to [email protected] • 8 months agomessage-square135fedilink
minus-square@[email protected]linkfedilink1•8 months agoBut capital gains only execute when you sell.
minus-squareoriginaluciferlinkfedilink5•8 months agoall stock market trades should be taxed at 100% value. dont like it? dont gamble ‘invest’
minus-square@[email protected]linkfedilink3•edit-28 months ago…or just abolish the stock market (at least that’s how I read this).
minus-square@[email protected]linkfedilink4•8 months agoAnd no doubt every other closely-tied economy, as well.
minus-square@[email protected]linkfedilink3•8 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.
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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.