@LibertInvest@WallStreetMav A large portion of the top 1% have actually done of that. Most wealth is inherited through instruments designed to pay as little tax as possible in the transfer
@AmplifyPGTX@SantiagoAuFund Because it is. I could only get halfway through it before I had to stop it was so ridiculous and just egotistical slop. Almost none of the details provided hold up under any scrutiny. You can look into it.
@JoeKaverman@joeylech@evanwoodbery Your stance is performative and inauthentic. If jahmai got cut tomorrow you wouldn’t give a fuck about him a month from now. So pretending like you do is tired and annoying.
@JoeKaverman@joeylech@evanwoodbery People lose jobs every day for far less. You think so little of Jahmai that you believe if he doesn’t make it in the bigs, his family will be on the street.
“Lose the avenue for which he provides for his family” just shut the fuck up with that bullshit. He hasn’t been doing his job well either and he can still “provide for his family” on AAA money. You’re not morally superior to anyone no matter how much you think that stance makes you.
The gains are real enough for him to borrow against them. No sane person with an understanding of finance and Econ would say taxing unrealized gains should happen or is advisable. However, deciding to borrow against an asset should become a taxable event to close the loophole that many then the ultra wealthy exploit. If it’s real enough to borrow against, it’s real enough to tax. Don’t want to be taxed on your gains, don’t borrow against them.