1079
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Jan 2024
1079 points (100.0% liked)
News
23353 readers
2757 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Why not? People are taxed for unrealized gains on a house. Why should stocks be any different?
One argument could be that anything that incentivizes people to sell their stocks isn't a good thing
The more people buying and selling at any given time, the more volatile the price could become, it's so easy to buy and sell stocks that we already have to have high frequency trading disincentives by having a really high capital gains tax on stocks that were held for a short period of time
Property is a lot less volatile, and there's already a rather large natural incentive to hold on to it for long periods of time (moving is a pain), and taxing unrealized gains on it (essentially, paying estimated taxes on a theoretical future sale) is unlikely to really motivate anyone to sell their house
This is just pearl clutching for billionaires and an economy that doesn't work for the majority of U.S. citizens.
Apparently about half of Americans have money in the stock market (I would assume almost exclusively due to their 401k/IRAs)
Taxing people on unrealized gains on a house is abusive and leads directly to maximum landlords and minimum home ownership. Why are we defending that?
Like it or not, most of the US has moved away from pension-based retirement in favor of 401k based retirement. Taxing unrealized capital gains makes it that much harder for the plebs of society. The rich will complain about the extra taxes but ultimately won't really affect them much.