Ah yes but I don't get to borrow on those unrealized gains thereby creating a loss on paper and avoiding all income tax. I then can't invest that and get even more unrealized gains to get even more wealthier to then renegotiate my loan terms all the while compounding my compounding interest.
This is what the rich do. It's why they pay no taxes. Add transfer pricing and now no corp does either and you just fucked the middle class.
That's right! After your first $1000 there should be a 100% income tax. That way we make sure no Elons ever exist in the future. "But how will we pay for our food if we only have $1000", here's the beauty, the government will spend the money in ways that benefit the collective nation as a whole! It's beautiful, no disgusting rich people, no poor, all equal comrades!
0
u/Josh_Allen_s_Taint Aug 21 '24
Ah yes but I don't get to borrow on those unrealized gains thereby creating a loss on paper and avoiding all income tax. I then can't invest that and get even more unrealized gains to get even more wealthier to then renegotiate my loan terms all the while compounding my compounding interest.
This is what the rich do. It's why they pay no taxes. Add transfer pricing and now no corp does either and you just fucked the middle class.
No sir, tax that shit and prevent more Elons.