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> You must sell [some of] your assets to feed hugry monster called government [which runs the courts, police, and military which all exist to protect the rest o
by verall 3y ago
> You must sell [some of] your assets to feed hugry monster called government [which runs the courts, police, and military which all exist to protect the rest of your assets].
- throwawa14223 3y agoSome assets are only sellable atomically such as art or a house. A government demanding more money because the thing I purchased with taxed money has become more valuable (or not become worthless) is a form of financial gluttony bordering on demonic.
- fxd123 3y agoAnd yet, countries without unrealized gains taxes still have courts, police, and military.
- verall 3y agoAnd yet, they all have taxes which feed hugry monster called government
- fxd123 3y agoThe point was we don't need to invent new taxes
- verall 3y agoWhy not? Fiat currency is a tool created by governments to accomplish goals. Massive income inequality generally conflicts with most liberal democracy's goals. Taking loans against unrealized gains lets people much richer than me pay a much lower effective tax rate. Why not invent a new tax to address this?