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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: EchotaSheeple   😊 😞
Number: of 84364 
Subject: Re: Biden's billionaire tax rate fact checked
Date: 03/10/24 3:14 PM
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"Unrealized Income"

I'm sorry.

but take you and me out of it.

Where is the most unrealized income? Go by your gut, and go by simple income statistics by state.

Would a BIG TAX on unrealized profits on say - Nvidia, Microsoft, Facebook etc......hurt people in New York or Austin or Seattle more? Or would they be sitting around in Alabama crying in their grits about all the great unrealized stock market profits they have to pay tax on.

Make them pay on their unrealized gains. Let Millennials know - while they call us mean and racist- that their retirement savings are now subject to this tax also, and that it's time to brownbag Oscar Mayer sandwiches and ditch the organic guac.

Punch the S/P500 a bit hard.

They'll bow down to make it stop and when they do, I got dibs on AOC.

I know we aren't willing to do it. And I see why Blue will win over Red - again in this country.

I'm to the point - if we're gonna lose, let's just call it now and get it over with.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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