5 ms·
> Even for Capital gains to trigger, there has to be some kind of transfer/sale. The way rich people avoid capital gains tax is to borrow against their stocks.
by RestlessMind 1y ago
> Even for Capital gains to trigger, there has to be some kind of transfer/sale.
The way rich people avoid capital gains tax is to borrow against their stocks. So they get to enjoy their wealth without paying back to the society.
- potato-peeler 1y agoLending against securities is available for general public. Don’t know what your complaint is? > So they get to enjoy their wealth without paying back to the society. Why is there an expectation for “someone” to be a guardian of society? Isn’t the govt functioning? I am sorry to say, conversations like these are pretty common in echo chambers.