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Joined 1 year ago
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Cake day: August 2nd, 2023

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  • They’ve been conditioned for 8 years that any negative thing they read or hear about their leader is “fake news”, and likely their own pride of not wanting to consider the possibility they could be mistaken has made them easy targets for the misinformation machine at Fox News to avoid telling them objective facts to instead pander to their emotions and tell them what opinion they should have. Mass manipulation by biased media.




  • So with a 401k loan, which is kind of this, you are limited to borrowing against it by like only up to 50% of its face value due to factors such as market volatility. And then all payments made to that loan are with alreaey taxed income, so you aren’t securing money in any way that dodges taxation.

    Also using shareholdings is no different from using a house or property as collateral… property equity has unrealized value until it is sold too. One might argue you pay property taxes on that equity, but ideally, the company behind the stocks you own pays property taxes for its ownings annually, so that’s still happening. So the real problem is large companies dodging taxes due to exploiting broken tax code loopholes.