Vaccine

Here’s a letter to the Wall Street Journal:

Editor:

Most American progressives today deny that their proposals have anything to do with socialism. But these denials ring hollow. As “A Banking Regulator Who Hates Banks” (Oct. 25) makes plain, the Biden administration has fully embraced genuine, no-qualifiers-necessary, honest-to-badness socialism.

Among the roles for government desired by Comptroller of the Currency nominee Saule Omarova is that which resides at the core of all socialist and communist programs: control by the state of the allocation of capital. It is the exercise of this role that Ludwig von Mises and F.A. Hayek, in the interwar years, proved would severely impoverish the denizens of any socialist economy.

Who with even a modicum of knowledge of history doubts that such impoverishment was indeed a universal feature of every such socialist regime? And who with even a modicum of common sense supposes that America’s fate under socialism would differ?


Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
 
The proposal of taxes on unrealized gains , is absolute bonkers

does that mean the government will give me a check if my portfolio drops 20% in a year, what about the equity in my home ?

fortunately, I don’t think it stands a chance of passing
 
Is it too soon to call BDS?
You're a fool, not to mention a shit stain on the fabric of this great country.
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Pentagon Confirms 450 Americans Still Stranded in Afghanistan – Far More Than Previously Estimated
 
You're a fool, not to mention a shit stain on the fabric of this great country.
________________________________

Pentagon Confirms 450 Americans Still Stranded in Afghanistan – Far More Than Previously Estimated

Afghanistan was a success , it went as planned

You see , it was always the plan to leave Americans stranded over there
 
The proposal of taxes on unrealized gains , is absolute bonkers

does that mean the government will give me a check if my portfolio drops 20% in a year, what about the equity in my home ?

fortunately, I don’t think it stands a chance of passing
That would kill the Bond market. But we've never had smart folks in charge of the economy anyway.
 
Is crush in your head or t or both? You got serious issues you little weirdo WHO wants to know way too much about crush and his personal family business. You actually threaten my child on this forum and now you want all this new information. Lawyers are funny....lol!
You are defintely in his head. It now feels squeamish attacking a minor, now it's playing Billy Bad Ass on someone over 16. It's a step in the right direction at least. Horse paste and all.
 
For your next conspiracy theory let me recommend that Alec Baldwin has resorted to shooting anti-vaxxers, and the CDC is covering it up by listing them as Covid-19 deaths, although they only died "with" Covid-19.
Nahhh, he and his crew just did't know shit about guns and stuff. Guns go bang, the ones wth those conical things on the end of the brass or steel thingy can kill people. Make money at all cost, even if it means killing members of your own crew.
 
Its insane. This mentality that we should penalize the working, saving and investing is mind boggling.
You should realize that we are talking about unrealized gains that are never taxed. The basis resets on inheritance.

So, if you are rich, you live very well, but pay zero income taxes. You just borrow against your unrealized gains, and pass the whole thing on to your kids.

Meanwhile, people who work for a living are paying 20-40% of their income in tax. And the owner is paying zero, because all that money he just made doesn’t technically count as income.
 
You should realize that we are talking about unrealized gains that are never taxed. The basis resets on inheritance.

So, if you are rich, you live very well, but pay zero income taxes. You just borrow against your unrealized gains, and pass the whole thing on to your kids.

Meanwhile, people who work for a living are paying 20-40% of their income in tax. And the owner is paying zero, because all that money he just made doesn’t technically count as income.

Jesus effing christ...finally someone who knows what they're talking about.

Thanks @dad4
 
You should realize that we are talking about unrealized gains that are never taxed. The basis resets on inheritance.

So, if you are rich, you live very well, but pay zero income taxes. You just borrow against your unrealized gains, and pass the whole thing on to your kids.

Meanwhile, people who work for a living are paying 20-40% of their income in tax. And the owner is paying zero, because all that money he just made doesn’t technically count as income.
You missed the punch line - tax the loan against unrealized gains. That's different that taxing the unrealized gains.
 
You should realize that we are talking about unrealized gains that are never taxed. The basis resets on inheritance.

So, if you are rich, you live very well, but pay zero income taxes. You just borrow against your unrealized gains, and pass the whole thing on to your kids.

Meanwhile, people who work for a living are paying 20-40% of their income in tax. And the owner is paying zero, because all that money he just made doesn’t technically count as income.
So what about the working class person who pays income tax, invests their money into a stock that turns $5k into $10k by the end of the year. Now said person has to pay tax on the $5k his stock grew. Then in Feb the stock crashes and is now valued at $5k again. But he owes taxes on the $5k of “unrealized gains”. Now he only has his $5k and a large tax bill and nothing to show for it.
Taxed when he earns it, taxed on gains he never saw. How is that fair?
 
So what about the working class person who pays income tax, invests their money into a stock that turns $5k into $10k by the end of the year. Now said person has to pay tax on the $5k his stock grew. Then in Feb the stock crashes and is now valued at $5k again. But he owes taxes on the $5k of “unrealized gains”. Now he only has his $5k and a large tax bill and nothing to show for it.
Taxed when he earns it, taxed on gains he never saw. How is that fair?

That would not be fair, and it's not what's in the proposal. Here is a more sane analysis --

 
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