“Oh, but that’s not real money, they’d have to sell their assets to get the cash to pay those taxes, thus diminishing the value of the assets.”
Oh, so the value of the assets is over valued then? So them taking out loans with those assets as the collateral is fundamentally allowing them to take out more money from the financial system than they are realistically due? Damn, tax their fucking loans against their assets as well.
“NOOO! That’s not fair! Then they’re paying a higher tax rate than specified by the law!”
Crazy how that works, crazy how tax rates actually payed can be different from those specified in the laws. Hey did you know that Warren Buffet pays effectively a lower tax rate than his laundry lady, being stated as unjust by himself. Crazy how right now people working for wages get taxed way more than people working for asset valuations.
Tax unrealized gains
“Oh, but that’s not real money, they’d have to sell their assets to get the cash to pay those taxes, thus diminishing the value of the assets.”
Oh, so the value of the assets is over valued then? So them taking out loans with those assets as the collateral is fundamentally allowing them to take out more money from the financial system than they are realistically due? Damn, tax their fucking loans against their assets as well.
“NOOO! That’s not fair! Then they’re paying a higher tax rate than specified by the law!”
Crazy how that works, crazy how tax rates actually payed can be different from those specified in the laws. Hey did you know that Warren Buffet pays effectively a lower tax rate than his laundry lady, being stated as unjust by himself. Crazy how right now people working for wages get taxed way more than people working for asset valuations.