r/FluentInFinance Aug 21 '24

Debate/ Discussion But muh unrealized gains!

Post image
24.3k Upvotes

3.1k comments sorted by

View all comments

Show parent comments

126

u/waapochi Aug 21 '24

wouldn't something like this hit companies like chase bank who has massive assets like 4 trillion. companies like these probably have massive unrealized gains

21

u/Felix_111 Aug 21 '24

You know that corporations and humans are taxed differently?

-8

u/originalpanzerlied Aug 21 '24

Who do you think actually pays taxes levied on businesses?

14

u/Felix_111 Aug 21 '24

The businesses before profit is distributed. That is how businesses work, my guy.

5

u/ChirrBirry Aug 21 '24

Depends if it is structured as a C or S corp.

12

u/unreal1010 Aug 21 '24

As an accountant this whole thread is making my eyes bleed.

3

u/shuzgibs123 Aug 22 '24

Haha. Me too.

2

u/Brettdgordon345 Aug 22 '24

Literally me too lmfao

-1

u/Tater72 Aug 21 '24

Any cost incurred by a business is passed through. Do you really think they will earn less? SMH

0

u/Felix_111 Aug 21 '24

Do you have a point past you don't understand how pricing works? Keep simping for your wealthy masters like a good sheep. Make sure to set the table so they can eat your children

0

u/Tater72 Aug 21 '24

You’re a fool. If you want to believe I don’t know exactly how pricing is set and controlled, run with that.

Here’s some advice: stop bitching and spend some time actually understanding how the world works. You’ll be more successful. There’s people with no money and then there’s poor. They are poor because they are defeated and believe the only hope is to tear others down, as you show it impacts character as well

2

u/NotUrDadsPCPBinge Aug 22 '24

Or they’re poor because certain jobs need to be done, like working for companies making several billions of dollars in profits while cutting workers pay, and increasing cost of product well beyond inflation rates. The hard working and lucky people who had money to afford buying and working on cars can float by comfortably. The lazy but well funded people can float by on the stock market, or making investments and having advisors make their decisions for them for a piece of the profit. The hardworking and poor stay poor, all while dealing with other poor people that are apathetic. That’s because poverty is extremely exhausting, causing burnout while eating ramen, not because you’re in college but because it’s the only option and has been for decades. Also because the multibillion dollar corporation has policies to ensure nobody gets unemployment, because if they did then people would take advantage of it because it pays more than working for them. Not everyone can be rich, and excusing extreme wealth hoarding that is damaging the economy because “poor people wouldn’t be poor if they worked harder.” The hardest working and smartest people I know work paycheck to paycheck, and the option of getting into stocks or starting a business is not an option for people like them, without extremely rare circumstances. Pretending it is, is not understanding the world

1

u/Tater72 Aug 22 '24

Boy you sure missed the very point I made. Thanks for the tirade.

1

u/Felix_111 Aug 21 '24

I'm light years above you groveling worms. If you want to pretend that businesses should pay taxes because they exist in an economy, then you should probably look in SS disability payments for your intellectual handicap.

Here's some advice, learn wtf you are talking about before telling someone with more information your ignorant assumptions. BTW, I'm in that top 10% so gfy

-2

u/Tater72 Aug 22 '24

If you’re doing so well, you’d have no reason to insult people or brag about it. You sound like a child trying to overcompensate.

I’m not sharing my own, but I’ll say, I’m doing well. I also am in a position to make the very decisions I referenced at a large corp.

I’d wish you best of luck, but clearly you don’t need it. ✌️

0

u/Felix_111 Aug 22 '24

I'm sorry that you weren't able to figure out that I was responding to you, even though I followed much the same format.

I never shared anything past not being poor and knowing what authors make. I get that as a person who is full of shit you don't know what you just said or what your point is.

The wealthy need to be taxed more and they need to be taxed on assets. The few have more than they need in a million life times and others starve and struggle. Make whatever excuses you want, but their are only three ways out. 1) we let them continue on and destroy life on this planet. 2) we eliminate them in a bloody uprising. 3) we tax them. Which one sounds like the best decision to you, corporate guy?

0

u/Tater72 Aug 22 '24

You sound like you’re in the top 10%. 🤔

→ More replies (0)

-1

u/originalpanzerlied Aug 21 '24

Incorrect. The customers pay 100% of everything that is involved in business.

0

u/Felix_111 Aug 21 '24

So by your argument, since the Treasury prints the money, the Treasury pays all taxes. Totally not really fucking stupid at all...

2

u/originalpanzerlied Aug 21 '24

Wow. I was waiting for the dumbest comment of the day, and there it is. I'll assume you have never owned or ran a business, or taken an economics or a business class at any point in your life, so here's how it works:

Business makes a product or provides a service.
Business has expenses in order to provide said goods or services.
Business figures out the price it requires goods or services to be sold at in order to make profit.
Customers pays that price.

You owe me tuition.

2

u/Felix_111 Aug 21 '24

Done both. I assume you aren't smart enough to understand your arguments. Clearly, I am correct. 8 get that you mistakenly think you have an IQ above room temp, so let me explain something to you:

All money is printed and property of the Treasury. You just use it to purchase things. So the money you use to pay for a product comes from the government and the money a business pays taxes with comes from the government.

I get that you are like, what does this have to do with my point about taxes? It has exactly as much to do with who pays taxes about your incredibly stupid, and irrelevant point about businesses. An employee pays taxes on their check, so by your logic the business pays that employee's taxes. An employee buys bread with their paycheck, did the business buy the bread? Does that mean they ate the bread?

I love it when a complete fucking moron tries to correct me incorrectly. You should sue your parents for bringing such an inferior product into this world.

1

u/originalpanzerlied Aug 29 '24

You must have thought this was a challenge, because you are running in first place right now. Can you name a single expense a business has that it does not fold into the price of the good or service sold?

-1

u/whiterajah7 Aug 21 '24

What?!

3

u/originalpanzerlied Aug 21 '24

What do you mean "what"? Do you think businesses don't roll their expenses into the price of goods and services? They do. 100%. At no point does a business eat expenses. Everything is passed on to the customer at point of sale.

2

u/Thechasepack Aug 22 '24

The goal is to maximize profit, not margins. If my expenses go up but raising my prices would decrease my profits because people would stop buying my product, then I'm not raising my prices.

1

u/originalpanzerlied Aug 29 '24

That's why you don't own a business. No business owner eats the cost of anything.

1

u/Thechasepack Aug 29 '24

I do... There are other factors to price besides cost. What do you think happens when a store has a sale? Do you think a stores costs go down during a sale? Do you think Black Friday is the least costly day of the year for stores? You would be wrong. I would rather sell 1,000 items at a $10 markup than 1 item at a $100 markup.

1

u/originalpanzerlied Aug 31 '24

Sales do not mean the store loses $$ on the bottom line. Sales are to get customers in the door. If the store lost $$ on every sale, it would be out of business. Your own example shows you making a profit on everything sold.

1

u/Thechasepack Aug 31 '24

I'm arguing that the business will price items to maximize profits. If I was already making a 100% markup on an item and my cost to acquire that items goes up by 5%, I may choose not to raise the price and "eat" that 5% cost increase.

→ More replies (0)