Microblog Memes

6027 readers

1442 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

Please put at least one word relevant to the post in the post title.
Be nice.
No advertising, brand promotion or guerilla marketing.
Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago

MODERATORS

ReadyUser31

aeronmelon

1601

Let's play the rich get everything. The rules are the rich get everything. participation is mandatory. (lemmy.world)

submitted 3 months ago* (last edited 3 months ago) by Allonzee to c/microblogmemes

301 comments fedilink hide all child comments

Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

you are viewing a single comment's thread
view the rest of the comments

[–] Badeendje 4 points 3 months ago (1 children)

Or doing so, it counts the loan as income and is taxed accordingly. But seriously, the main aim itself can also be taxed. A house is...

[–] Goodie 0 points 3 months ago (2 children)

You'd have to put some controls in there for that solution to work. Hitting new homeowners with an immediate tax on "earning" $1,000,000 to pay for their house seems a bit cruel.

[–] Pacattack57 4 points 3 months ago (1 children)

The unrealized gains is for 100 millionaires or more. I don’t think there is anyone with 100million in unrealized home value.

[–] Goodie -1 points 3 months ago

I was talking for a hypothetical world where that law isn't a thing and simply paying capital gains in "realized" gains is.

Nut hey, yeah, sure, 100mil works too.

[–] [email protected] 1 points 3 months ago

Capital gains are applied against a cost basis, in the case of your homeowner, their purchase price. Unless the house appreciates in value there is 0 capital gain, even if you made the mortgage a realization event and for some reason implemented this with no residence exemption or tax brackets. It's mad how this point has to be repeatedly explained through this thread.