Row 50901

Row ID: 50901 | Dataset Entry | Axioma AXP Content Repository

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Eh it's a complicated issue. I agree it's ridiculous to tax unrealized gains, We do need to figure out how to tax unrealized gains used as collateral though. Gaines should be unrealized and therefore not benefiting you, or realized / used as collateral for a loan and then taxed. Also we need to make sure that the loopholes and laws around realizing those gains are not able to let people get away without paying taxes on them fully.

However there is a bigger discussion which is the rate at which capital builds wealth versus the income growth rate. I think the real issue is when incomes grow slower than capital appreciates, which is further exacerbated by differences in taxes between them. It's fine that money makes more money, But I don't think it's okay for society as a whole long-term if that compounds faster than incomes grow. Imagine a world where incomes grew at the same rate or slightly faster than wealth compounded, people are still limited by how much labor they can do so that would really help with inequality.

FieldValue
text Eh it's a complicated issue. I agree it's ridiculous to tax unrealized gains, We do need to figure out how to tax unrealized gains used as collateral though. Gaines should be unrealized and therefore not benefiting you, or realized / used as collateral for a loan and then taxed. Also we need to make sure that the loopholes and laws around realizing those gains are not able to let people get away without paying taxes on them fully. However there is a bigger discussion which is the rate at which…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

{
  "text": "Eh it's a complicated issue. I agree it's ridiculous to tax unrealized gains, We do need to figure out how to tax unrealized gains used as collateral though. Gaines should be unrealized and therefore not benefiting you, or realized / used as collateral for a loan and then taxed. Also we need to make sure that the loopholes and laws around realizing those gains are not able to let people get away without paying taxes on them fully. \n\nHowever there is a bigger discussion which is the rate at which capital builds wealth versus the income growth rate. I think the real issue is when incomes grow slower than capital appreciates, which is further exacerbated by differences in taxes between them. It's fine that money makes more money, But I don't think it's okay for society as a whole long-term if that compounds faster than incomes grow. Imagine a world where incomes grew at the same rate or slightly faster than wealth compounded, people are still limited by how much labor they can do so that would really help with inequality.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1TTDF6dlJQN2gtdDBDVl9hSFpmQWFqYko1UGpfUmJFWTVCY1JYbFNxRFhhdDVRTjdzeWZ4ZWQ5Um5TclJNNmQ3Q3JZNHh6MWdDaFBmeHBNbFRYOG1sVFE9PQ==",
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}
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