Low interest rates in advanced countries have pushed money into real estate

Re:Low interest rates in advanced countries have pushed mone... by UncleMeat on Thursday November 25, 2021 @11:25AM (#29342611)

> because the wealth is already taxed - how else did you acquire that wealth without paying taxes first?

Thiel bought a lot of PayPal equity for basically zero dollars in a tax-free account. The tax exclusion for inheritance is enormous, allowing children to inherit millions and millions without paying taxes and receive a step-up in basis.

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Re:Low interest rates in advanced countries have pushed mone... by chii on Thursday November 25, 2021 @08:09PM (#29346636)

> Thiel bought a lot of PayPal equity for basically zero dollars in a tax-free account.

so he did pay his taxes - he paid the amount required by the financial instrument setup by the gov't (which happens to be zero here).

And his situation is fairly unique and rare - very few people invested in a startup via their retirement account, and have massive success.

For most people, their wealth would already have been taxed; e.g., people with excess savings that they put into investments such as property or shares.

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