You don’t sell blood…raise them in the ways if Righteousness, so they will not stray from it later….and alla Zed’s girls are Righteous! ( even Skye seems to be with the program, now…trust, but VERIFY!)
No one has explained to me how an unrealized gains tax can possibly work.
If my whiz-bang stock tanks, do I get last year’s tax payment back?
(Yeah, I think I already know the answer.)
Of course you don’t. And if you don’t lose value and sell at a profit you also have to pay capital gains tax.
There’s also the question of the constitutionality of such a tax as nothing in the Constitution allows such a levy, and the 16th Amendment doesn’t even come close to allowing such a tax.
If this type of tax did go into effect you’d see the same results as any other wealth tax that has been imposed – investment dries up, wealth flees, and the economy goes into deep recession if not a depression.
It seems Joetato (and/or his handlers) want to turn the US into the next Venezuela.
Joetato! That’s gold right there. I could enjoy it a lot more if he was resident of a different planet, or at least if the “conservatives” in congress would stop everything he’s pushing. What colossal fools.
June 26, 2024 at 6:40 am
badger52
It’s easier to parse such things when one realizes the ideas are coming from communists. They don’t have to work; they just have to make you subservient.
Certain people have an insatiable urge to prove that they can take whatever you have just becasusew yoiu have it. To them, it’s not the having it’s the getting, and up here it’s the predominant way of life for liebral politicians and their supporters, people are so jealous that other people might have something they don’t even if the ycould have had it too if the yopnly worked for it, that they beg the gov’t to ‘tax the rich’, forgetting that those in gov’t ARE the rich and they won’t be taking anything from themselves or those who pay them behind the scenes, they’ll be taking it from the middle class to make the rich that much richer.
Wet tea that you don’t get to drink.
No politician or ‘rich’ person will ever lose money on the stock market, only your RRSP or 401K or pension plan will be pillaged to transfer what little wealth you might have to them in the name of ‘equity’ since the people calling for it to happen have no clue what they’re calling for.
It is, and it’s already been tried in Europe on several occasions and been an unmitigated disaster every time.
The Looters are so hellbent on taking other people’s stuff (on whatever excuse) they are blind to the fact that an investment and the business it supports is not in and of itself wealth.
It’s a machine built for generating wealth. It’s truly greater than the sum of its parts.
If you take it apart and sell the pieces it no longer works and the wealth it would have generated is lost. Then we’re all the poorer for it.
I’m convinced this fact is so simple and obvious the the likes of Liz Warren even understand it, and the whole ploy is just a way to trick the simple minded to vote their way.
So in my book this is not ignorance, it’s just downright Evil.
The reason Unrealized Gains Tax didn’t work in Europe is they didn’t have the right people in charge.
PCChaos, Why if it’s unconstitutional, why you just change the Constitution! (Or pack SCOTUS and get a new ruling of existing tax law. <-cheaper and faster)
June 28, 2024 at 5:33 pm
Henry
Back around Y2K, Florida had something very similar: an annual “assets tax.” (I assume, because a state overflowing with retirees doesn’t generate much income tax.) At the time, I was actively on the prowl for a better state of residence, and was being solicited by family in Florida to join them, but it was a big “no thanks.” (I’d regretfully make the same decision today, but at least not for political or economic reasons.)
June 26, 2024 at 10:20 am
PCChaos
Wtf is an unrealized gains tax? If it’s unconstitutional then how in the hell can it be pressed on a free people?
I believe this week alone has proven how many unconstitutional things can be leveraged against a free people between the time they are imposed and the time they sre struck down by a court. In just Fischer v. US, the implications for J6 political prisoners are positively life-changing.
Will be very surprised if there aren’t some surprising Gainzz during the fake debate tomorrow with the fake pResident. Nothing is real, and there are so many giant balloons in Clown World just ready to be popped…
17 Comments
You don’t sell blood…raise them in the ways if Righteousness, so they will not stray from it later….and alla Zed’s girls are Righteous! ( even Skye seems to be with the program, now…trust, but VERIFY!)
Actually Zed blew it. Capital gains tax saved the kids from being sold off… an unrealized gains tax would instead require him to sell them off sooner.
The still waters behind those amazing blue eyes run deep, very very deep.
One underestimates Mari at their peril.
No one has explained to me how an unrealized gains tax can possibly work.
If my whiz-bang stock tanks, do I get last year’s tax payment back?
(Yeah, I think I already know the answer.)
Of course you don’t. And if you don’t lose value and sell at a profit you also have to pay capital gains tax.
There’s also the question of the constitutionality of such a tax as nothing in the Constitution allows such a levy, and the 16th Amendment doesn’t even come close to allowing such a tax.
If this type of tax did go into effect you’d see the same results as any other wealth tax that has been imposed – investment dries up, wealth flees, and the economy goes into deep recession if not a depression.
It seems Joetato (and/or his handlers) want to turn the US into the next Venezuela.
Joetato! That’s gold right there. I could enjoy it a lot more if he was resident of a different planet, or at least if the “conservatives” in congress would stop everything he’s pushing. What colossal fools.
It’s easier to parse such things when one realizes the ideas are coming from communists. They don’t have to work; they just have to make you subservient.
Certain people have an insatiable urge to prove that they can take whatever you have just becasusew yoiu have it. To them, it’s not the having it’s the getting, and up here it’s the predominant way of life for liebral politicians and their supporters, people are so jealous that other people might have something they don’t even if the ycould have had it too if the yopnly worked for it, that they beg the gov’t to ‘tax the rich’, forgetting that those in gov’t ARE the rich and they won’t be taking anything from themselves or those who pay them behind the scenes, they’ll be taking it from the middle class to make the rich that much richer.
Makes me wonder what the stock market equivalent of dumping all of the tea into the harbor is. Hmmm……
Wet tea that you don’t get to drink.
No politician or ‘rich’ person will ever lose money on the stock market, only your RRSP or 401K or pension plan will be pillaged to transfer what little wealth you might have to them in the name of ‘equity’ since the people calling for it to happen have no clue what they’re calling for.
Thought that was Lizzie Warren’s tax.
It is, and it’s already been tried in Europe on several occasions and been an unmitigated disaster every time.
The Looters are so hellbent on taking other people’s stuff (on whatever excuse) they are blind to the fact that an investment and the business it supports is not in and of itself wealth.
It’s a machine built for generating wealth. It’s truly greater than the sum of its parts.
If you take it apart and sell the pieces it no longer works and the wealth it would have generated is lost. Then we’re all the poorer for it.
I’m convinced this fact is so simple and obvious the the likes of Liz Warren even understand it, and the whole ploy is just a way to trick the simple minded to vote their way.
So in my book this is not ignorance, it’s just downright Evil.
The reason Unrealized Gains Tax didn’t work in Europe is they didn’t have the right people in charge.
PCChaos, Why if it’s unconstitutional, why you just change the Constitution! (Or pack SCOTUS and get a new ruling of existing tax law. <-cheaper and faster)
Back around Y2K, Florida had something very similar: an annual “assets tax.” (I assume, because a state overflowing with retirees doesn’t generate much income tax.) At the time, I was actively on the prowl for a better state of residence, and was being solicited by family in Florida to join them, but it was a big “no thanks.” (I’d regretfully make the same decision today, but at least not for political or economic reasons.)
Wtf is an unrealized gains tax? If it’s unconstitutional then how in the hell can it be pressed on a free people?
I believe this week alone has proven how many unconstitutional things can be leveraged against a free people between the time they are imposed and the time they sre struck down by a court. In just Fischer v. US, the implications for J6 political prisoners are positively life-changing.
Will be very surprised if there aren’t some surprising Gainzz during the fake debate tomorrow with the fake pResident. Nothing is real, and there are so many giant balloons in Clown World just ready to be popped…