https://twitter.com/Geiger_Capital/status/1783222179473109130
Oh my godβ¦
— Geiger Capital (@Geiger_Capital) April 24, 2024
I missed this originally but heβs also proposing a 25% tax on UNREALIZED gains.
UNREALIZED.
Thatβs for wealthy individuals but still, absolute insanity. A lot of people would just leave the US and the government would likely have less tax revenue than before. https://t.co/J0XecKgAM0
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https://old.reddit.com/r/neoliberal/comments/1c5kx1n/ok_has_anyone_else_seen_this_malarkey_biden/?sort=controversial
!neolibs
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I don't want to simp for neoliberal too much, but it's legitimately terrifying how vast the intelligence gap is between the discussion in neoliberal and the rest of reddit gen pop.
It's somehow impossible for redditors to imagine secondary knock-on effects. The world view of the redditor is a linear equation.
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Holy shit these brainlets want to just ask the rich "so how much do you owe in taxes? Pls don't fudge the numbers thx"
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just move here folx, 0% capital gains tax
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Slight downside that hurting the wrong person's feelings with your personal choices gets you beaten with a stick or murdered, instead of just getting whined at.
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Are the stick beatings public?
@X
Can I relax and
while gum chewers and petty criminals are getting canned? 
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idk wtf xe's talking about
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?????????????????????????
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Like for all the criticisms we have about wokescoldsβ¦. that's all they are. Whiny people. Sometimes they can get you fired.
The Asian dictatorship equivalent of wokescolds are legally allowed to beat and kill you.
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Lol source?
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Literal government approval needed to make art.
and c'mon you know cultural compliance is metted out with violence.
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Wtf are you talking about? Who is getting beaten or killed
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Doesn't work that way for Americans, you owe the tax man no matter where you live. The only way out is to renounce citizenship and that comes with an exit tax of half your shit, like a divorce.
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It always amazes me how Americans don't understand this.
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Most Americans don't have to understand this because they never leave the country or pay taxes.
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Even after renunciation you get bugged all the time if your place of birth is the USA lol
Didn't stop one of the OG facebook people from getting our citizenship though lol: https://en.wikipedia.org/wiki/Eduardo_Saverin#Personal_life
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don't TEMPT me cheebs
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i am :)
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If I was a Chinese
I'd consider 
it
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I like weed though
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Taxing "unrealized gains" is so r-slurred.
One of the only major taxes that needs to assess something's value outside of a sale are property taxes. And there are gigantic departments with hordes of assessors to try to determine the assessments. And a whole system of appeals and shit because they still frick it up all the time.
So now these idiots want to do that to arbitrary businesses? Even private businesses, where there's not really any "true" assessment of value?
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TBF, the market value of stocks, bonds, commodities aren't hard to determine. There's a current market price and you just need to define what time you look at that price for taxes. Some rich mofo will just sell a single share at $1 to manipulate the closing price and save on taxes.
Private equity and shit is way harder to be sure.
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Can't wait until buying physical assets at a discount is literally the best investment, it's the only one I'm good at
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They are just rubbing the fact that elections are bs in y'all's faces. We wouldn't stand for this nonsense in Peru
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u got that Peruvian chicken too
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They eat guinea pigs
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Eat the rats
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This is basically schizophrenia economics.
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Think of the billionaires!
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Good luck turning your 10k pittance into a 100k emergency fund when you have have to give up half your appreciation and have a 30% chance of just losing it
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Just work more hours dumbass
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Spoken like true poorcel.
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Most of us don't get paid by the hour
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savings account maxxxers win again
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Hopefully this means the government owes you money on unrealized losses?
Edit: only for 3 years lmao. This is how you get billionaires to spend money on your political opponents
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You don't want to hurt the actual rich. That's how weirdos get hired to do funny dances bashing Biden.
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I'm half convinced this is all just fodder to drown out news of an only-mildly-insane tax bump that will actually pass
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"you"
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Tax Dramacoin when?
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"Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule -- and both commonly succeed, and are right."
Snapshots:
https://twitter.com/Geiger_Capital/status/1783222179473109130:
ghostarchive.org
archive.org
archive.ph (click to archive)
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what a fricking CUTE TWINK
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lmao that would be actual economic suicide
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Gotta pay for ukraine somehow
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