Still think TITNC3: Return of the Iceberg was peak

Fair point. but then crypto gains too?

 

Baba has taken a lot of my money this past year....you have options, it starts running...you get exited...it TANKS randomly cuz Jina

 

Depends. If you buy on something like Coinbase. What stops they from just saying all your money is gone. We have no record of you depositing anything? The government, laws. What pays for them to go after the company if they pull a stunt like that?

 

What about the idea of only taxing money when you spend it? Forget what it’s called. But it’s been thrown around.

 

Well if that was to happen the free market would speak up and that exchange would plummet. I get what your trying to say, but your argument of the government running the place adds fuel to the fire for me.

I'm risking my money, giving them a cut on gains, for them to not do their job. It's 100% not a free market, so therefore I don't think I should pay on earnings until it is.

 

What else would you use money for other than spending it? On top of that what would be the difference? What's something you buy with that money right now that you're not taxed on already? Because i can't think of much if any other than some states that don't tax produce. Other than that its taxed when you make it, on every good, service, etc.

 

That’s why I said “in theory”. If they regulated and protected the free market.

 

right so until then I stand by my statement

Until it's fair for all and it gets cleaned up (hopefully with a giant crash here soon) I don't want the government getting a cut of my gains.

Not to mention, if I was a billion dollar bank, and I was risky and failed, I'd just get a bailout. But me who yolos on FDs gets no bailout? lol

 

The issue is its a regressive tax system. The less affluent people spend a high proportion if their income buying stuff. Thus will pay a higher tax rate vs the investor class.

 

Just because a higher portion of one's income may simply be what it takes to survive while the "Investor Class" doesn't have to worry about that problem.

The real problem is its easier to control people when you take away many options they have and only a select few have the higher opportunity. That's the real problem.

 

Consumption tax.

 

Certainly, but easily taken care of by making the first X amount spent tax free unless you “spend” out of the tax break. Like 20,000 isn’t taxed, unless you spend 200,000+, then that first 20k is taxed.

Not saying I like the idea. But I like reading into different ideas.

 

APOP above 5.4 looks great
MTP might run...it's gotta break 4

 

I was just going to ask when you were going to tell me what stocks are up 40% so I can not invest in them and be mad I didn’t get the info yesterday

 

annnnd surprise...Incentivized unemployment claims went UP last week..

 

Meanwhile in Australia....

 

Look at NanoX pre market @Iwilltaco

 

Agreed. Of course we have to pay taxes for our government to function. The debate comes in how much "function" we want our government to have (that we have to pay for). Do we really want to pay for multi million dollar grants to study underwater gerbil flatulence? Do we want to pay for gender studies in other countries? Do we want our hard earned money to be mismanaged and wasted by those in power on either side of the aisle?
I can just imagine those who are currently robbing us blind giggling at the thought that most people are more concerned that others aren't being robbed as much as they should rather than the fact that we're being robbed in the first place.