The idea would be that all income is taxed equally, it doesn't mean you would pay more in taxes.So we have a chance to save something for a retirement? If you tax savings, they will dwindles instead of grow.
The idea would be that all income is taxed equally, it doesn't mean you would pay more in taxes.So we have a chance to save something for a retirement? If you tax savings, they will dwindles instead of grow.
Im confused. As fski has stated im talking just taxing income as income regardless of source.So we have a chance to save something for a retirement? If you tax savings, they will dwindles instead of grow.
Yes, just like if they had sold and immediately rebought the stocks.So say lets do a hypothetical.
Someone has 10,000,000 shares of Tesla and it currently trades at $1,000 share. This person decides to leverage this stock and gets a loan for $2B.
You would update the cost basis on all the shares used as collateral and they would owe taxes based on the updated cost basis of any stock they leverage for the loan?
Elon should run for President as a Republican...might steal some of Donald's fans![]()
Ah yeah, forgot about that requirement.Even if he should somehow be stupid enough to want that... He's not native born...which is something that kept Ah-Nold Schwartzenactor out of the oval office.
He prefers a massage first. For in-depth Boring.Eee Lon is the Impregnator.
boring is the process of enlarging a hole
Im confused. As fski has stated im talking just taxing income as income regardless of source.
And assets used for income should be taxed as income...You said: "Why not tax any assets? "
Assets and income are different things.
And you said savings...are equities savings or you talking idle cash in an account? Either way, impose a tax on total assets as stated above.You said: "Why not tax any assets? "
Assets and income are different things.
High marginal tax rates aren't "punishing success", they are punishing excess. Every dollar Musk pockets was produced by someone else; he's skimming the fruits of other people's labor.At some point the loans have to be repaid. He'll have to liquidate his assets and pay back what he borrowed, along with the taxes due.
I don't have a fundamental issue with a wealth tax, but punishing success is never a good idea.
It's not like billionaires will be left begging on the streets with a wealth tax. They will still enjoy a much better life than 99% of the people on Earth.they are punishing excess.
They lived just as well when the rates were highest.It's not like billionaires will be left begging on the streets with a wealth tax. They will still enjoy a much better life than 99% of the people on Earth.
Such a lovely readI follow tech dirt which regularly deflates tech arguments (long):
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And We’re Off: Twitter Sues Elon Musk And Lays Out A Strong Case
As we fully expected, Twitter is going to the Delaware Court of Chancery to force Elon Musk to give them the $44 billion he promised. There’s a lot of misinformation being spewed about this c…www.techdirt.com
JFC the comments responding to that are so pathetic it makes me not want any part of this world.We can approximate what information silo Elon sits in when he tweets like this. It sorta works like with ads right, tell me what ads you see and I can guesstimate your browsing habits.
He is well and properly red pilled, I am not sure there is a way back for him at this point. America has created yet another asshole billionaire.
Oligarchs want to be the founding member of an Aristocratic dynasty.Elon Musk's 76-year-old dad says he's had another child with his 35-year-old stepdaughter: 'The only thing we are on Earth for is to reproduce'.
Does this entire family have an uncontrollable breeding fetish or something?
I had no idea there were Hillbillies in South Africa. So Elon has half siblings that are also nieces/nephews.Elon Musk's 76-year-old dad says he's had another child with his 35-year-old stepdaughter: 'The only thing we are on Earth for is to reproduce'.
Does this entire family have an uncontrollable breeding fetish or something?
FTFYIt's not like billionaires will be left begging on the streets with a wealth tax. They will still enjoy a much better life than 99.9999% of the people on Earth.
Yeah, he's been her step-father since she was 4. Big yikes.that's a big ol bag of wtf
