Microsoft CEO sells half his stock, weeks before WA state implements gains tax • Hacker News Board

Re: Microsoft CEO sells half his stock, weeks before WA state implements gains tax

#61

Post by systemvoltage » Wed, Dec 01, 2021, 7:35 PM UTC

mrgordon wrote: post #59

systemvoltage wrote: post #43

Earlier quoted context omitted.

You clearly have not been overseas. NY subways are possibly the filthiest, Ill-running subway system in the world. Frequent delays, crime, the stench, the cost; every single aspect of it is no match for say Tokyo subway or Prague metro. Improvement starts with self-introspection and realization. American exceptionalism is all I can see.

Well let’s see I spent the last five months in Lisbon, Barcelona, Paris, London, and Zagreb. Now I’m in Bangkok. So your assumption that I’ve never been overseas is drastically incorrect. In fact, I’d wager I’ve been to more countries than you have and I always use the subway when available. If you read my comment, I mentioned that while the US is poor at public transit in general, the NYC subway stands out for sever…

I think your pushback makes sense, apologies. I still stand by the fact that NY Subway is possibly the worst of all even within the US. Magnitude of the scale does not diminish its shortcomings - they're orthogonal.

Re: Microsoft CEO sells half his stock, weeks before WA state implements gains tax

#62

Post by zht » Wed, Dec 01, 2021, 9:25 PM UTC

systemvoltage wrote: post #61

mrgordon wrote: post #59

Earlier quoted context omitted.

Well let’s see I spent the last five months in Lisbon, Barcelona, Paris, London, and Zagreb. Now I’m in Bangkok. So your assumption that I’ve never been overseas is drastically incorrect. In fact, I’d wager I’ve been to more countries than you have and I always use the subway when available. If you read my comment, I mentioned that while the US is poor at public transit in general, the NYC subway stands out for sever…

I think your pushback makes sense, apologies. I still stand by the fact that NY Subway is possibly the worst of all even within the US. Magnitude of the scale does not diminish its shortcomings - they're orthogonal.

lmaooooooooo have you taken BART

Re: Microsoft CEO sells half his stock, weeks before WA state implements gains tax

#63

Post by mountainriver » Thu, Dec 02, 2021, 3:49 PM UTC

boublepop wrote: post #54

JoeyBananas wrote: post #46

Earlier quoted context omitted.

> Is there something unique about capital gains tax in particular? The reason why we are seeing pushes to adopt capital gains tax right now is because Bernie Sanders, AOC, et. al. want to "Tax the Billionaires." This is obviously a popular slogan because people think "who the hell needs 1 billion dollars?" But it's not like billionaires literally have 1 billion dollars just sitting in their bank accounts not doing an…

It’s not a tax on the business. If Elon musk is forced to sell a percentage of his shares in Tesla that’s not going to change their bottom line, it just means someone else, other than him is buying that ownership. It’s a tax on the billionaires just like it’s intended, and they are forced to either pay themselves a salary that will also be taxed, just like poor people, in order to pay the capital gains tax. They can’…

There are a lot of reasons why that may not be a good idea. First off it’s his company, he bought it fair and square and invested literally everything he had in Tesla, bet it all on himself, in my book that means he gets to keep it.

Also then anyone could buy up his shares like a foreign government that doesn’t have our best interests at heart.

I think this stuff sounds nice but when you look at the implementation it doesn’t hold up.