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Re:Google Cuts Jobs in Engineering and Other Divisions by remich on Friday January 12, 2024 @03:39PM (#38973693)
Our system would make sense if it was the case that the literal only way to turn and asset into money was to sell it. But, because assets can instead be used as collateral for loans, asset owners (overwhelmingly the wealthy in the U.S.) get to have their cake and eat it too.
Re:Google Cuts Jobs in Engineering and Other Divisions by vmladenov on Saturday January 13, 2024 @04:09AM (#38978327)
I’ve never understood this reasoning. Loans need to be repaid at some point, so one must realize some income to pay them back, at which point they will owe tax.