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Why don't governments take a portion of the stock as tax payment? They can cash it in (or not), but if all your money is in stocks, are they forcing you to sell
by notepad0x90 11mo ago
Why don't governments take a portion of the stock as tax payment? They can cash it in (or not), but if all your money is in stocks, are they forcing you to sell the stock to pay them? i.e.: The tax shouldn't be in numerated in currency but stock. If it is currency, you are forced to measure a portion of the stock based on its current value and sell that much stock, if they take a fixed percent of the stock that amount could be a lot or not so much depending on the value of the stock when they tax you. The amount of tax you pay shouldn't depend on how well the stock is doing at taxation time.
- pembrook 11mo agoBecause within a few decades this would literally turn the Netherlands into the USSR. Compounding, but in reverse, away from individuals and into the inefficient state to manage and run all businesses. I know we have a lot of communists in Europe (and on HN) who want to run that stupid experiment again, but even in Europe it’s a fringe view.