7 ms·
This has always been the case. I've been seeing this spammed all around the internet today. I wonder if there may be some... motivation behind it. // Edit, fo
by Mo3 4y ago
This has always been the case.
I've been seeing this spammed all around the internet today. I wonder if there may be some... motivation behind it.
// Edit, for whatever it's worth, I'm CTO at a major hedge fund at NYSE and the CEO literally just sent me the same damn article hosted on a different URL. I pointed out that it has always been the case and he replied with a GIF of a puppeteer.
- lxgr 4y agoIt does not apply to stocks, bonds, mutual funds, and most other securities, which I would consider somewhat relevant asset classes.
- Mo3 4y agoI stand corrected, that is the way it has been before 2009 when I lived in Germany. I've edited the original comment. It has, however, always been the case for cryptocurrency. This is not a new tax law or anything of significance.
- fock 4y agomaybe because crypto is supposed to be currency ;)
- arcticbull 4y agoI mean its dreadful at that so.
- Mo3 4y agoI highly recommend this research article - "The Philosophy of Bitcoin and the Question of Money" https://journals.sagepub.com/doi/full/10.1177/02632764211049826 https://journals.sagepub.com/doi/full/10.1177/02632764211049...
- ManuelKiessling 4y agoThis is nonsense. E.g. you can sell a house tax-free no earlier than two years after you’ve bought it, and only if you oived in it — if not, you need to wait 10 years for a tax-free sale.
- deleted 4y ago[deleted]
- TacticalCoder 4y agoTwo years if you live in it is not very different from one year. The 10 years for secondary houses is about preventing house shortages I guess. People need to be able to buy or rent a place to live: nobody needs to own cryptos.
- PinguTS 4y agoFunfact, if you move in directly after buying, you can sell it even in the very same year tax-free in the gains. The two years plus 1 day rule applies only of the curse of 10 years, if you haven't moved in directly.
- Mo3 4y agoReal estate is not a traditional asset class.
- trashtester 4y agoI always used to think that real estate / claim to territory was the most traditional asset of all, dating back way farther than our species.
- randbox 4y agoNo other species has the recorder of deeds \ title registrar \ court system to enforce claims over territory in absentia without the continual presence of the beneficiary. Even among humans most of Earth's territory is considered common property and not excludable or conveyable personal property when considering the ocean. Practically speaking something is only an asset in a financial context when ownership can be conveyed on paper and pledged as collateral for a loan.
- trashtester 4y agoMany animals use urine to "write" their claim to ownership. Trespassers get punished severely, and they know it. The message implies a high willingnes to enforce their claim, even at significant risk. Rivals usually stay away unless they are either desperate or confident that they are superior. I would argue that these are the instincts that form the basis for our concept of ownership of assets, and predate our modern justice systems by tens of millions of years.
- informalo 4y agoThat's not true. Before, crypto currencies used for staking and lending were only exempt after at least 10 years of holding. This has changed now.
- throwaway4good 4y agoYour boss sends you a gif of a puppeteer?
- Mo3 4y agoOf course. Yours doesn't? We’re both executives. Besides, I have to admit that it’s always super funny realizing that we have flatter hierarchies and better work climate at a damn hedge fund than most places. And we’re not even crooks! Would you believe that. Crazy.
- aaaaaaaaata 4y ago
- karkisuni 4y agomaybe they have a good relationship with their boss and communicate in ways that work for them and match the world we live in? does your boss still communicate with you in formal memos?
- deleted 4y ago[deleted]