1.6K

Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.(lemmy.world)

posted
*
by
Avatar
Allonzee@lemmy.world
in
Avatar
microblogmemes@lemmy.world
300 comments
hidereport

Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
three20three@lemmy.world
3 points

Wouldn’t that affect things like Home Equity loans?

permalink
report
parent
reply
Avatar
Pacattack57@lemmy.world
5 points

No because the mínimum for this to apply is 100 million.

permalink
report
parent
reply
Avatar
ObjectivityIncarnate@lemmy.world
1 point

The government also told the public that the income tax was going to apply only to rich people, how’d that turn out?

permalink
report
parent
reply
Avatar
Goodie@lemmy.world
2 points

Depends on the exact implementation, but sure, you could happily write a version where an initial home loan isn’t hit, and only “top up” loans against the INCREASED value of your home is targeted.

permalink
report
parent
reply
Avatar
doctordevice@lemmy.ca
11 points
*

Homes are taxed based on assessed value. They are already a form of taxing unrealized gains.

Most of the population either has:

  1. no unrealized gains
  2. gains in a retirement account that we can’t borrow against
  3. gains in real estate that are taxed, but can be borrowed against
  4. a combo of 2 and 3

I think it’s fair to ask that the rich play by the same rules. You can either borrow against your gains and pay taxes on them, or not pay taxes and not be able to borrow against them.

permalink
report
parent
reply

Microblog Memes

!microblogmemes@lemmy.world

Create post

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, Twitter X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

Community stats

  • 12K

    Monthly active users

  • 1.5K

    Posts

  • 47K

    Comments

Community moderators