461–470 of 529 posts
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>He can't eat with his shares. You can't eat with your brokerage account either, what is the point? >He can use them as collateral for debt. Yes, you can use your brokerage account, house, etc. as collateral for loans, this is not new or unique. >Presently, that's how he dodges taxes. What does this even mean? Loans are not taxable as you have to pay them back. >You'd close that loophole. That's not a tax... This is…
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>He can't eat with his shares. You can't eat with your brokerage account either, what is the point? >He can use them as collateral for debt. Yes, you can use your brokerage account, house, etc. as collateral for loans, this is not new or unique. >Presently, that's how he dodges taxes. What does this even mean? Loans are not taxable as you have to pay them back. >You'd close that loophole. That's not a tax... This is…
The dodgy part is what happens after someone dies. The stocks get a one-time relief from capital gains as it moves to the heir. This gives opportunity for the heirs (or the estate) to sell the stocks to pay back the loan. That is the loophole. The key here is that you need enough wealth to keep borrowing for rest of your life without touching your principle.
Yes, that estate/inheritance taxes need reworking. This is not a wealth tax as discussed, this is an estate/inheritance tax which is different.
>This gives opportunity for the heirs (or the estate) to sell the stocks to pay back the loan. That is the loophole.
The loans are made whole by the estate, no one is taxed on proceeds from a loan, nor should they be.
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As we have seen, Trump can hire prosecutors who will prosecute anybody he points his little finger at. He always hires lackeys, so it was easy to predict he would harass Fauci.
So how will the pardon help? If the assumption is that the prosecutors are going to fabricate crimes, the pardon will only help if they fabricate a crime that happened under certain conditions (see: https://www.justice.gov/pardon/media/1385746/ ). If they're just making something up they can make something up and claim it happened in 2013. The pardon doesn't protect him from harassment, it only protects him if he spe…
If you read nothing else in this excellent post, read the conclusion: > A key component of this U.S. research ecosystem was the genius of the indirect cost reimbursement system. Not only did the U.S. fund researchers in universities by paying the cost of their salaries, the U.S. gave universities money for the researchers facilities and administration. This was the secret sauce that allowed U.S. universities to build…
I don't know that I'd rely too heavily on midterms in 26. Gerrymandering and all that.
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>Tax wealth somehow I don't unserstand how you can tax something that varies in value by double digit percentages every week. If Elon got taxed when TSLA was $450 per share, and six months later it's now $250 per share... How much should he be taxed? Should he be provided a tax refund?
Tax wealth above $100 million at ~90% upon death. In other words, make all the money you want, get as rich as you want, but it goes back to the commons when you die and can't use it any more.
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That sounds like a case of "Tragedy of the Commons", which is not free market. Also, police is a requirement because libertarianism relies on government to protect peoples' rights. Gutting the police department is what anarchists do, not libertarians. If you want to know of a successful libertarian experiement, see the founding of the United States. (Excluding the slave states, of course. Slavery is antiethical to li…
You mean the Articles of Confederation that failed because the government wasn’t strong enough?
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That sounds like a case of "Tragedy of the Commons", which is not free market. Also, police is a requirement because libertarianism relies on government to protect peoples' rights. Gutting the police department is what anarchists do, not libertarians. If you want to know of a successful libertarian experiement, see the founding of the United States. (Excluding the slave states, of course. Slavery is antiethical to li…
No true scotsman
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> There are no documented instances of a truly free market. There's no such thing as pure water, either. Nor is there any person who has not had impure thoughts. Nor can you ever cut a board to an exact length. Nor has anything created by man (or nature) been perfect. The historical reality is the more free a free market is, the better it performs. A free market does not have to be a "truly free market" in order to d…
> The historical reality is the more free a free market is, the better it performs. Performs for whom ? The central idea of a free market is that is provides better goods and services and thus better outcomes for civilization. We have countless examples of innovations that have come through government intervention (internet, space grade goods and services, GPS, etc. just to name a few), so you simply cannot say in a…
In the 19th century, the free market resulted in bootstrapping scores of millions of people up out of poverty into the middle class and beyond. The government was not involved in this.
> We have countless examples of innovations that have come through government intervention
We have far more from the free market. Have you ever looked at the number of patents?
As for the internet, that was simply a protocol. There were many other network protocols - Prodigy, RBBS, Bix, AOL, Ethernet, etc. Any time someone had two computers, they were connected with some form of network.
You're overlooking the grandaddy of networks - the telegraphy system. Yes, the first international binary network protocol. All later networks were based on ideas it pioneered. But somehow only the IP is valid?
Did you know that controled, powered flight came from the free market? Did you know that jet engines were developed thanks to funds from the free market, as the military saw no use for jet engines? The government did not get involved until they saw flying jet aircraft?
The free market also invented cars, bicycles, light bulbs, electric power generation utilities, telephones, circular saws, and on and on and on and on?
> I recognize markets and areas where externalities cannot be controlled for and thus require a centralized body to regulate
Externalities, such as pollution, are not free market, and are in the purview of government.
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> There are no documented instances of a truly free market. There's no such thing as pure water, either. Nor is there any person who has not had impure thoughts. Nor can you ever cut a board to an exact length. Nor has anything created by man (or nature) been perfect. The historical reality is the more free a free market is, the better it performs. A free market does not have to be a "truly free market" in order to d…
>The historical reality is the more free a free market is, the better it performs. Citation VERY MUCH needed. A free market leads to monopoly and abuse. It does not lead to competition, it does not lead to better long-term results, it leads to corruption, market capture, and oppression.
How do you explain the scores of millions of people that came to the US, and still come, if the US free market is a hellhole of monopoly, abuse, corruption, and oppression?