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That's not an annoying thing, that's the whole feature. The point is to prevent people from avoiding the tax - if the tax was announced and not applied retroact
by medvezhenok 5y ago
That's not an annoying thing, that's the whole feature. The point is to prevent people from avoiding the tax - if the tax was announced and not applied retroactively, people would change their behavior to avoid it (or sell right before the tax was raised). That's precisely what you want to avoid to be fair to everyone.
The point of a tax is to redistribute the money a government thinks should be redistributed to account for externalities in the market (and support social / infrastructure programs).
- rawtxapp 5y agoIsn't that a bit defeatist? It's like admitting that people will find ways around it. It'll only work in the first year when it's introduced.
- dnautics 5y agoyeah but most taxes don't change from year to year. Moreover, if your year zero advantage is "the point" then, why isn't biden announcing the tax changes in november and ramming them through? > The point of a tax is to redistribute the money a government thinks should be redistributed to account for externalities in the market That is not the point of a tax. The point of a tax is to raise revenue for government programs. That includes bombing children on the other side of the world, financing explorations to space, bailing out boeing and goldman sachs, etc. Nowhere in tax law does it say "redistribute to account for externalities in the market". Just because you dream something ought to be so, does not make it so, now or ever.
- medvezhenok 5y agoWell, even more technically, the point of taxes (and QT) is to remove liquidity from the system when inflation gets overheated (since we can print money / have the FED monetize the deficit to pay for our spending if we need to).