Re:What caused all the supply chain bottlenecks?
by whatever1 on Friday October 29, 2021 @12:11AM
(#29035094)
That is the definition of speculation. Maybe the baby does not make it to adulthood so it produced 0 value. It makes no sense to tax speculated value.
If you are certain that your baby this year is bringing home tangible income due to its TikTok page, then yes tax it.
Re:What caused all the supply chain bottlenecks?
by chii on Friday October 29, 2021 @12:36AM
(#29035223)
> It makes no sense to tax speculated value.
and yet, the claim originally was that it makes sense on the speculated value of stocks.
> If you are certain that your baby this year is bringing home tangible income due to its TikTok page, then yes tax it.
so tax the dividends, or tax the capital gains that are realized - because those are certain. To own stocks is to speculate.
Re:What caused all the supply chain bottlenecks?
by whatever1 on Friday October 29, 2021 @01:12AM
(#29035376)
Not really. My thesis is that IF the stock market is NOT a casino, then the capital gains are real income, thus they need to be taxed. For example if the stock prices were set by the companies and they were obligated to buy back shares at that price if asked, then indeed you have a valuable asset on hand. If the company increases the asking / paying price for the stock then you have real tangible income that you can realize. Similar to the interest you accrue from savings.
But if we agree it is a casino, then we should not tax air, only the ones who cash their earnings and walk out of the casino. And goes without saying that we should stop incentivizing people to gamble their money and pensions on this. 401k, Roth and all these need to go.
well, if you follow this logical conclusion, why are you not taxing a baby because the baby's value is the future income of that person's job. Sure, it's unrealized, but you're still considering it income even though it's unrealized.