Do you support taxing unrealized gains (Poll)

[alang1216]

alang1216

Again I dont know what you are disagreeing with. Who do you think is making the tanks, and planes? Who do you think is paying for it?

I think you're having trouble seeing the forest for the trees. If the government owns a car and lets you use it as a taxi and pays you a salary, that sounds like communism to me regardless of who made the car.

 

[Couchpotato]

I think you're having trouble seeing the forest for the trees. If the government owns a car and lets you use it as a taxi and pays you a salary, that sounds like communism to me regardless of who made the car.

Ok. You should have just said you don't know what Communism is. That would have been way easier.

 

[Cellblock2429]

I think you're having trouble seeing the forest for the trees. If the government owns a car and lets you use it as a taxi and pays you a salary, that sounds like communism to me regardless of who made the car.

/—-/ You have no clue what communism is.

 

[kyzr]

I think you're having trouble seeing the forest for the trees. If the government owns a car and lets you use it as a taxi and pays you a salary, that sounds like communism to me regardless of who made the car.

communism /kŏm′yə-nĭz″əm/

noun​

1. A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
2. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
3. The Marxist-Leninist doctrine advocating revolution to overthrow the capitalist system and establish a dictatorship of the proletariat that will eventually evolve into a perfectly egalitarian and communal society.

 

[kyzr]

So it looks like the poll agrees that democrats like Kamala are communists, and taxing unrealized gains is a "wealth tax" to more equitably distribute wealth while punishing the successful/wealthy.

"Communism" is a system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.

 

[JWBooth]

Death and taxes...everyone has them.

You can cheat on your taxes....MIGHT get away with it too....but probably not.

Can't cheat death though...no one has done it. One per customer unless you are Lazarus.

Taxes on gains already exists in state/County property taxes. Part of what the escrow account pays if you have a mortgage.

“The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit ... Furthermore, having taken your money, he leaves you, as you wish him to do ... He does not keep "protecting" you by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that.” Lysander Spooner

There is little to no difference between organized crime offering “protection” to a business under threat of violence and a government that will use violent coercion to collect its claimed mordida.

 

[alang1216]

Ok. You should have just said you don't know what Communism is. That would have been way easier.

/—-/ You have no clue what communism is.

communism /kŏm′yə-nĭz″əm/

noun​

1. A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.
2. A system of government in which the state plans and controls the economy and a single, often authoritarian party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
3. The Marxist-Leninist doctrine advocating revolution to overthrow the capitalist system and establish a dictatorship of the proletariat that will eventually evolve into a perfectly egalitarian and communal society.

I was solely focused on kyzr's #1 since I don't consider communism a political system. That being said please explain how my example of the military being organized on the lines of communism was in error. Just saying I'm wrong is not very enlightening.

 

[Couchpotato]

I was solely focused on kyzr's #1 since I don't consider communism a political system. That being said please explain how my example of the military being organized on the lines of communism was in error. Just saying I'm wrong is not very enlightening.

1. the military doesn’t own its means of production.
2. They are completely supported by a non communist entity.

But even if we grant that the military is “communist” then the only way communism works is if Capitalism props it up and makes it work.

Class dismissed.

 

[kyzr]

I was solely focused on kyzr's #1 since I don't consider communism a political system. That being said please explain how my example of the military being organized on the lines of communism was in error. Just saying I'm wrong is not very enlightening.

Your original example was the government letting someone use a car as a taxi is communism.
Now you shift the example to the military organization being like communism.

Communism is both a system of government and an economic system, your examples are neither.

 

[Winco]

If democrats win in November, the IRS will be going after unrealized gains. Is this even constitutional?

Did you READ this part of YOUR posted Link?

If, however, we consider the fact that the aforementioned billionaire could borrow money using the appreciated stock as collateral—perhaps, say, to purchase a social media company—we might feel somewhat differently. After all, absent some mechanism by which the billionaire can be taxed, they can at least in theory defer ever realizing their gains by continually borrowing against their stock rather than selling any of it.

Point: If they are using the increased value of a stock to acquire a LOAN, then perhaps their so-called "unrealized gains' have actually been 'Realized.

 

[alang1216]

1. the military doesn’t own its means of production.
2. They are completely supported by a non communist entity.

The military owns all its equipment and the companies that make such specialized equipment are essentially a branch of government, the military-industrial complex as Ike labeled them. They may be privately owned but the government tells them who they can sell their arms to.

But even if we grant that the military is “communist” then the only way communism works is if Capitalism props it up and makes it work.

Class dismissed.

The inverse is also true then, the only way Capitalism works in this case, is if communism props it up and makes it work.

 

[kyzr]

Did you READ this part of YOUR posted Link?

If, however, we consider the fact that the aforementioned billionaire could borrow money using the appreciated stock as collateral—perhaps, say, to purchase a social media company—we might feel somewhat differently. After all, absent some mechanism by which the billionaire can be taxed, they can at least in theory defer ever realizing their gains by continually borrowing against their stock rather than selling any of it.

Point: If they are using the increased value of a stock to acquire a LOAN, then perhaps their so-called "unrealized gains' have actually been 'Realized.

Its a risk. If that stock value drops then what happens?

The bank does a "margin call" and they need to sell stock at a loss to cover the loan collateral requirements.

The lender has to be sure that the collateral is adequate. Its not free money as you assume.

 

[M14 Shooter]

Point: If they are using the increased value of a stock to acquire a LOAN, then perhaps their so-called "unrealized gains' have actually been 'Realized.

Loans aren't income.
The Federal government only has the power to tax incomes.

 

[Jarlaxle]

How could it even be done?

You report what your holdings are on Dec 31 of last year (say $800,000) and then this year (12%, so it’s now $900,000), and you have to pay taxes on an additional $100,000?

What if your salary is $100,000? You have to pay taxes on $200,000?

Great way to wipe out the savings of successful people, discourage investment, and make more people dependent on the Democrat Socialist Regime - which is what this is all about.

The goal is likely to eliminate retirement savings.