News for hackers. Stuff that matters.

A comment on How to have a billion dollar exit with zero capital gains tax. Parent comment

Re:How to have a billion dollar exit with zero capital gains... by ericmay on Tuesday May 10, 2022 @09:08AM (#31326650)
I apologize. The reading I had was you were kind of nonchalant about it in an almost accepting way. Though, I'd say there are many who would say it's ok "because you can", and I think they're irresponsible and disrespectful of themselves and their fellow humans.
[ Parent | on HN ]
Re:How to have a billion dollar exit with zero capital gains... by mcv on Tuesday May 10, 2022 @09:13AM (#31326704)
I certainly don't think 'legal' necessarily implies 'moral'. Sometimes they're the exact opposite. There are also things that aren't legislated that should still guide us.

For example, it's not illegal to be an asshole to someone. But that doesn't make it okay either. It's not something that's ever going to be legislated, and I don't think it should be. Tax rules, on the other hand, should be legislated, because the same people will always take advantage of them if they can. I don't see purely voluntary tax as working (though a certain type of libertarian loves to suggest exactly that).

[ Parent | on HN ]