How to have a billion dollar exit with zero capital gains tax

Re:How to have a billion dollar exit with zero capital gains... by orra on Tuesday May 10, 2022 @04:39AM (#31324863)

> Taxation [is] enforced by violence... taxation is either extortion, robbery or theft

Perhaps, but less so than money. People wouldn't recognise other people as having millions or billions of wealth unless that was enforced through the violence of state capitalism, and a legal system protecting banks, creating cops and prisons.

Why would they? Millionaires aren't a natural concept; it's something our society allows.

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Re:How to have a billion dollar exit with zero capital gains... by golergka on Tuesday May 10, 2022 @05:07AM (#31325000)

Justice (in any possible variety except “might is right”) isn't a natural concept too; it's something our society allows. You could also say that justice is a “social construct”.

So what? Does it mean that it's something not valuable or desirable? I don't think so.

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Re:How to have a billion dollar exit with zero capital gains... by orra on Tuesday May 10, 2022 @05:13AM (#31325032)

The legal system is primarily a legal system, not a justice system.

Mainly, however, I am pointing out how absurdly reductionist it is for you to say “taxation is violence”. As you say, social constructs—taxation perhaps—can be “valuable or desirable”.

[ Parent | on HN ]