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If I’m a rich person and I’m forced to sell shares to pay the tax bill, which then harms pension funds and sovereign wealth by incessantly driving down the valu
by seibelj 4y ago
If I’m a rich person and I’m forced to sell shares to pay the tax bill, which then harms pension funds and sovereign wealth by incessantly driving down the value of everyone’s assets, isn’t this problematic?
- seoaeu 4y agoThat sounds dangerously close to trickle down economics. In any case, your example is far less problematic than the current situation where a rich person could fund their lifestyle off loans against their portfolio while never paying capital gains taxes at all
- jen20 4y agoWhy not tax the loans instead?