Oddbean new post about login | logout Socialism kills. nostr:note1pcw7wepttnrlt0259eh6u32l70wmkrafrr55phql9tm2td2nz77sntauek
More of a wall of pride in my mind.. I'd be proud to leave a country like that. #nostr
Yup. There is no end of the amount of money they need to 'fix things' or 'help people'. They will always debate the money to pay for things hurting all, and at the same time continue finding new ways to tax.
You'd think the socialists would want businesses to make money before they steal from them. But as it turns out, they don't want businesses.
Upside down world. That smug politicians needs to be on that wall. Hagaetc needs to lean into it though. That is the wall of pride! Good pride.
When will their bridges collapse and trains collide in their tunnels?
Combine unrealized capital gain taxes with fiat system, and you get an incredible wealth transfer weapon towards the rich, paradoxically supported by socialists that are clueless on what's actually going on. For example, in France, unrealized capital gains can get taxed during a succession. The original intention was to prevent golden-spoon-fed children to just inherit the wealth of their parent too easily. The result is killing family owned businesses and farms. Farmers that inherit land or a business do not have the liquidity to pay the tax on the accrued value of their land or equity. At best, you take on debt with your business as colateral, gifting a slice of your revenue to finance bros, at worse, you are forced to sell to cantillionnaires, further accelerating inequalities the law was supposed to fight. Unrealized capital gain taxes essentially forces everyone that doesn't have deep liquidity to sell at a steep discount their assets to the few that have access to cheap debt. It's a trojan horse.
How do they plan on taxing cold storage coins?
You’re required to list your assets. I suppose you’re playing with fire hoping they don’t discover a paper trail and ask about them. Joe Carlisare on X has spoken on this topic quite a bit. 🧡🍻👊🏻