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> we don’t tax is the use of those things as collateral for loans So you wanna tax my mortgage? > Cap wealth at $50m or something. That just encourages hidin
by dzhiurgis 3y ago
> we don’t tax is the use of those things as collateral for loans
So you wanna tax my mortgage?
> Cap wealth at $50m or something.
That just encourages hiding it.
- voisin 3y ago> So you wanna tax my mortgage? If you are worth $50m+ and then use a mortgage to generate cash rather than take cash out of your company in order to avoid triggering taxes that affect everyone else, then yes, yes I do. > That just encourages hiding it. Well then I guess we should just give up trying. Let’s keep allowing our economy to look more and more like Hunger Games rather than try literally anything at all.
- dzhiurgis 3y agoOk. Say I use that mortgage to develop new housing. Now you made that housing effectively more expensive...