927
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
(lemmy.world)
Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
I think the real solution is not to lend on fake money. Tax or no tax, it wasn't taxes that caused the market crash in 2008.
That doesn't work. It's not enforceable.
Not enforceable as a law, but not bailing out those who do it is a great way to put an end to it.
I'd rather just have it done than give them another thing they can pressure politicians to bail them out of later.
Thank you. Even if they pass something it will be written by a bureaucratic bean counter and will be riddled with loopholes.
Simply don't allow loans on stocks. Keep it simple.
OK. I'll sell the stock, buy a home, then use the home equity to secure a loan to buy the stock.
That's nothing. Late stage capitalist finance allows all sorts of ridiculous.
Ok but then you'll pay taxes on that sale so there's no problem.
That's only for you humans. We corporations only pay if we net a profit. Also, if we loose money, we can carry it over to next year as a tax exemption. Good luck, ugly bags of mostly water.
Eh so... If you lose money you also can carry the tax rebate over to the next year in the US...
Yes. But, not humans. Only corporations.
The asymmetric trading rules in the US are far worse than this. And, rules enforcement for corporations is a joke.
Yes, humans as well.
https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
Same as companies, just a different maximum amount per year and what's left can be applied to the next year and the next and the next...
All money is fake money, though.