In idiom meta for this scenario, most Lemmy users are what would be considered ‘the choir’

Everyone please be nice to the influx of newcomers

If you cannot resist the urge to blurt out your alternative socioeconomic views try your best to at least do it gently

deleted by creator

I’ve been studying RPG in preparation for the interview.

Hiring manager to HR: “Good Lord what cruelty have we inflicted upon this person?” 😨

Fair question, honestly I think it’s ‘hacky’ and there are cleaner approaches. Regulating unrealized gains stands to cause a headache and costs for those navigating an already very complicated tax system.

To work the implementation would require everyone’s assets to be monitored and reported - extra work for tax software, brokers and taxpayers. Plus the development costs to comply with these regulations will be passed onto taxpayers and investors. Yes additional taxes would be recovered but are a drop in the bucket on the scale of the US economy.

To a lesser extent it also discourages regular folk from financial planning since it creates a public perception of “why should I own stock if it’s all going to be taxed anyway?” further concentrating influence on institutional and super wealthy investors.

While I’m still undecided on it, the solution others have proposed of regulating borrowing against collateral seems fairer as it puts the onus on the borrower to carry the admin overhead - regular investors remain unaffected.

Now my hot take - I think this is all a distraction from the real problem with the tax system Step up in Basis. If it wasn’t for step up in basis the gains would at least be taxed on the investor’s death anyway, but right now those who inherit stock get to permanently avoid the taxes on the gains that occurred during the original owner’s lifetime (up to a certain limit). I suspect the politicians responsible for passing such legislation would be too directly affected to address that one.

So I guess 2b2t isn’t the oldest anarchy server after all

Half Life 4

I chose the number because it is attainable to the median household with 2 years of saving 20% of their after tax income, but also substantial enough to feel the burden of risk associated with investing. Stocks are not guaranteed income, they are not money for nothing, and changing the playing field affects a lot of regular people just trying their best to build a reasonable amount of wealth, whether to buy a house or secure their financial stability.

I am not close to being a top 10% wealtholder, nor am I related to anyone who is, and I certainly was not expecting to have my investment question compared to complicity in mass racial segregation.

Serious question - who here is in favor of taxing unrealized gains and has more than $20k in personal investments? (Outside of retirement/401k or other tax advantaged accounts)

puts on fake moustache “Hello I am new to the area and would like to procure one internet please.”

I played violent video games all my life and I turned out fine.

reflects on current financial and mental state

Wait a second…

But did they taste good?

During the 2008 Consumer Electronics Show, an individual associated with Gizmodo brought a TV-B-Gone remote control and shut off many display monitors at booths and during demos affecting several companies. These actions caused the individual to be banned for life from future CES events.

Legendary

By this logic Canada should be called New Newfoundland

I knew I wasn’t the only one saying “PUSH IT REAL GOOD” every time I apply to master

ඞ

Sir please keep your voice down, you are going to disturb the librarians

I’d just like to interject for a moment.

What you’re referring to as ‘penguin’ is in fact Sphenisciformes Spheniscidae, or as I’ve recently taken to calling it, the Southern Hemispherical aquatic flightless bird.