Biden admin wants 20% unrealized capital gains tax on the “RICH”. I am all for this.

[ColonelAngus]

It is a great idea!

20% is too low. I would prefer 40% or 60%.

If some one bought a stock for $100 per share and now it is worth $1000 per share., they should have to give the government 60% of the $900 gain, or $540.

THERE IS NO DOWN SIDE.

I am with the cult on this one. PLEASE CONTACT YOUR CONGRESSIONAL REPS AND GET THIS PASSED!

TODAY, I AM A CULTIST.

Full Disclosure: I want the stock market to crash.

MSN

www.msn.com

 

[ColonelAngus]

Make the billionaires liquidate their stocks to pay the federal government…flooding the market with available stock and crashing the values of all stocks.


I LOVE THIS IDEA!

PLEASE PASS THIS BILL AT 60%, 80%, fuck…..90%.


VOTE FOR IT! EAT THE RICH! FUCK THEM! ITS YOUR MONEY! TAKE IT!

 

[Augustine_]

Make the billionaires liquidate their stocks to pay the federal government…
flooding the market will available stock and crashing the values of all stocks.


I LOVE THIS IDEA!

PLEASE PASS THIS BILL AT 60%, 80%, fuck…..90%.


VOTE FOR IT! EAT THE RICH! FUCK THEM! ITS YOUR MONEY! TAKE IT!

It's certainly never going to start trickling down

 

[ColonelAngus]

It's certainly never going to start trickling down

Exactly. The federal government will spend the money better than Musk and Bezos.

Who coined “trickle down” economics?

 

[martybegan]

It's certainly never going to start trickling down

You do realize that our current middle class standard of living is far beyond anything the wealthy of the past could even hope for?

We have machines doing the work of tens of servants, all accessible by even moderately poor people.

Progressives concentrate on money, not what even small amounts of money today gets you compared to what large sums got you even a century ago.

 

[martybegan]

Make the billionaires liquidate their stocks to pay the federal government…
flooding the market will available stock and crashing the values of all stocks.


I LOVE THIS IDEA!

PLEASE PASS THIS BILL AT 60%, 80%, fuck…..90%.


VOTE FOR IT! EAT THE RICH! FUCK THEM! ITS YOUR MONEY! TAKE IT!

I'm hoping you are being sarcastic, because my 401k sure as hell wouldn't like this.

 

[ColonelAngus]

I'm hoping you are being sarcastic, because my 401k sure as hell wouldn't like this.

The note at the end of OP should make that clear.

I pulled out of capital equity almost entirely in January.

For my portfolio, a stock market crash would be GREAT.

This bill will cause that, so I want the cult to win.

The cult will refuse to admit this will crash the market…as you note.

 

[ColonelAngus]

It's certainly never going to start trickling down

You make a great point and I just wanted to begin with who coined that term.

Who was it, and how are they wrong?

 

[Resnic]

This would take a whole lot of small time people out of the stock market.

If they did that I would cut my 401k contributions drastically because my 401k is tied to stocks. I don't want 20% taken from me because I am indirectly tied to stocks

Or like my grandma who over time bought some stocks here and there in safe bets to invest in to get a small profit over time with. Her small profit becomes negligible and no longer even worth it.

Opening the doorway for the government to get more money is never cut and dry or simple. It will lead to them vying for more and more. If we make a crack they will drive a wedge right into it.

The whole "tax the rich" is just a wolf in sheep's clothing.

 

[ColonelAngus]

If 20% is good, 90% is 4 1/2 times better!


THE RICH HAVE TO PAY THEIR FAIR SHARE!

 

[task0778]

Just idly curious here: are we going to apply the same tax to non-profit charity foundations such as oh, I don't know, maybe the Clinton Foundation? Red Cross? You know, the big money ones? Do they get exempted?

 

[ColonelAngus]

Just idly curious here: are we going to apply the same tax to non-profit charity foundations such as oh, I don't know, maybe the Clinton Foundation? Red Cross? You know, the big money ones? Do they get exempted?

No! Tax all non profits.

GROW GOVERNMENT!

 

[1srelluc]

LOL....Maybe that will give the rich pause before donating to dems.

 

[bendog]

It is a great idea!

20% is too low. I would prefer 40% or 60%.

If some one bought a stock for $100 per share and now it is worth $1000 per share., they should have to give the government 60% of the $900 gain, or $540.

THERE IS NO DOWN SIDE.

I am with the cult on this one. PLEASE CONTACT YOUR CONGRESSIONAL REPS AND GET THIS PASSED!

TODAY, I AM A CULTIST.

Full Disclosure: I want the stock market to crash.

MSN

www.msn.com

I can't find a smiley to give a sarcastic smile prop for this.

 

[The Irish Ram]

UNREALIZED GAINS
That is the government pretending to know your future income and de facto taking it from you now, whether you make it or not.

I had large gas and oil royalty checks. The government wants 20% of large even though those checks have dwindled to pennies on the dollar thanks to Biden strangling the gas and oil industry.

So do they take 20% of the actual royalty or do they project my income based on what the gas and oil company could pay me again some day, maybe, if sanctions are lifted, might give me, the possibility of, if they feel like it....

Billionaires are protected with loopholes. And they leave when their pockets are being pinched. This is, once again, going to bite the middle class in the ass. Did you buy a house for $200,000 twenty years ago? The government thinks you could get a million+ for it if you sold it, so they'll tax you at one million+...

 

[Flash]

It is a great idea!

20% is too low. I would prefer 40% or 60%.

If some one bought a stock for $100 per share and now it is worth $1000 per share., they should have to give the government 60% of the $900 gain, or $540.

THERE IS NO DOWN SIDE.

I am with the cult on this one. PLEASE CONTACT YOUR CONGRESSIONAL REPS AND GET THIS PASSED!

TODAY, I AM A CULTIST.

Full Disclosure: I want the stock market to crash.

MSN

www.msn.com

You stupid greedy Moon Bat.

57% of the people in the US don't pay ANY of that despicable trillion dollars a year Federal Income tax.

They are the welfare queens living off the government teat.

Stop being a fucking greedy envious little pathetic piece of shit wanting other people to pay your fucking government bills.

We should be reducing spending rather than raising taxes.

 

[miketx]

Trump proved that tax cuts worked.

 

[HereWeGoAgain]

Make the billionaires liquidate their stocks to pay the federal government…flooding the market with available stock and crashing the values of all stocks.


I LOVE THIS IDEA!

PLEASE PASS THIS BILL AT 60%, 80%, fuck…..90%.


VOTE FOR IT! EAT THE RICH! FUCK THEM! ITS YOUR MONEY! TAKE IT!

Fuck that!!!
We worked for our stock options and they're part of our retirement fund.
Any money spent on options has already been taxed. Not our fault some didnt take the risk.

 

[LordBrownTrout]

Costco, sams, wal mart, amazon, big box stores were all rewarded handsomely by govt as being essential.................as that same govt castigated small business and screwed them out of 3 trillion dollars.

 

[HenryBHough]

When you are paying 100% income tax but government provides all your necessary housing, etc. would you continue any income producing activity?

Yes, I remember when Income Tax was to be levied EXCLUSIVELY on the very rich.

What could possibly ever have gone wrong with that?