• Klox@lemmy.world
    link
    fedilink
    English
    arrow-up
    19
    ·
    4 days ago

    Also of interest: Taxes aren’t paid on stock buybacks which is why they became popular.

    • 4am@lemmy.zip
      link
      fedilink
      arrow-up
      26
      ·
      4 days ago

      They’re not taxed because they used to be illegal and they shouldn’t ever be taxed because they should be made illegal again.

      • HostilePasta@lemmy.ml
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        4 days ago

        The same way prospect (futures) markets should be illegal, as well as options. The rich apparently couldn’t make enough with regular stocks so they had to build gambling into it, and then inside trade to make sure they won.

        Burn it down.

        • 4am@lemmy.zip
          link
          fedilink
          arrow-up
          1
          ·
          3 days ago

          If it’s good enough for weed at the federal level I guess it’s also good enough for cash.