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Joined 1 year ago
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Cake day: June 11th, 2025

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  • Tell me again how you’re gonna tax capital gains that have not been realized on ownership of stocks?

    Millionaires and billionaires borrow money against the value of their stock portfolio or assets. They don’t pay tax on loans because it’s not income. Just like they don’t pay taxes on stocks that own but have not sold.

    The argument for taxing billionaires and millionaires doesn’t hold much water. If all their money/assets are held in a trust and they pay themselves a salary of $50,000 a year they’re only paying taxes on the salary.