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submitted 1 month ago by FlyingSquid to c/aboringdystopia
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[-] [email protected] 6 points 1 month ago

Listen, Jim - how much do you realistically own in unrealized gains? It doesn't even matter to be honest - since you're shit posting on the Internet, I wouldn't put your net worth much higher than $10-20 million - and that's me being an absolute philanthropist, in terms of how much "benefit of the doubt" I'm willing to afford an Internet shit poster.

Even if you were somehow blessed to have more than that - you still wouldn't qualify as one who needs to pay this kind of wealth tax.

Where'd you get the idea that it would "tax all unrealized gains"?

[-] [email protected] 2 points 1 month ago

For just stocks mine is a pretty lowly $6,198 USD right now, National Average according to Federal Reserve Data says $87,000 Median and $333,945 Mean.

You said:

Even if you were somehow blessed to have more than that - you still wouldn’t qualify as one who needs to pay this kind of wealth tax.

But that's not what the meme says at all. The meme says nothing except that unrealized gains should be taxed. That's not good enough, you need to be more specific.

The Vast Majority of US Citizens do not have adequate retirement savings, and we've got this Meme saying a 2.98% annual unrealized gains tax is a solution to problems? We need to be a lot more specific about when and how this tax works if we want to avoid harm.

this post was submitted on 15 Apr 2024
1903 points (97.5% liked)

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