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Originally Posted By u/FuturePowerful At 2025-03-27 10:18:54 AM | Source


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[-] FabledAepitaph@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

I feel you, and that's a problem because if you want to tax a billionaires "unrealized" profits, you probably also have to tax some poor shmuck's unrealized 401k profits when they have like 100k stashed away. I'd be cool with higher consumption/sales taxes for ultra rich person items: third or fourth homes, property in the "x" percentile of value above the average, luxury items like yachts or Ferraris. Theres a whole world of solutions, if only we could get the the politicians to enact them.

Or hell, just make them sell their stocks and pay tax on unrealized profits for anyone above like "x" millions. They'll be fine at the end of the day, and it'll dilute their corporate ownership once the company gets too big anyways.

[-] frezik@midwest.social 3 points 1 year ago* (last edited 1 year ago)

I have a significant 401k savings. If it means building a society that takes care of people's needs better--including my own when I'm too old to work--then I'm totally fine throwing that away. Edit: to add, it gets me to where I wanted to be with a 401k, but by a different route that works for more people.

this post was submitted on 27 Mar 2025
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