undefined | Better HN

0 pointskadabra91mo ago0 comments

I support some sort of disincentive to prevent HNW individuals from borrowing against assets for income.

I do not support wealth taxes or taxing unrealized gains (unless you get rebates for unrealized losses lol)

There SHOULD be some mechanism (idk what) to close the loophole of HNW individuals borrowing against an asset you have not sold to minimize actual income, but that doesn't mean its right, effective, or even legal to just mass tax all unrealized gains, just because this specific loophole exists currently.

So yeah, it is a separate discussion.

0 comments

bdangubic1mo ago

it is not a separate discussion because - at present - there is no such thing as “unrealized gains” - they are all realized and have always been. now we just want to tax it.

lovich1mo ago

no, its not.

Articulate an alternative or deal with a non-optimal solution.

The status quo currently is leading to civil war.

kadabra9OP1mo ago

I literally said there should be some sort of final penalty or taxable event associated with borrowing against illiquid assets and unrealized gains for very HNW individuals.

j / k navigate · click thread line to collapse