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Posted: 1/20/2021 12:26:51 AM EDT
[#1]
Right behind what the IMF was saying the other day about "Go ahead, spend, spend, spend. We'll worry about it later..."
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Posted: 1/20/2021 12:28:04 AM EDT
[#2]
Taxing unrealized gains
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Posted: 1/20/2021 12:30:07 AM EDT
[#3]
how about open the economy and it takes care of itself shitlord
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Posted: 1/20/2021 12:33:15 AM EDT
[#4]
What is wrong with the economy other than politicians trying to ruin small business?
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Posted: 1/20/2021 12:39:48 AM EDT
[#5]
Haven't we been "acting big" for decades?
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Posted: 1/20/2021 12:40:55 AM EDT
[#6]
Quote HistoryQuoted: Taxing unrealized gains That is fucking terrifying. |
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Posted: 1/20/2021 12:43:58 AM EDT
[#7]
Quote HistoryQuoted: Taxing unrealized gains That will certainly spur investment in our economy. 
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Posted: 1/20/2021 12:45:16 AM EDT
[#8]
WTF?
And today they only send me 145.90 for a stimulus check?! I want free money. |
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Posted: 1/20/2021 12:46:19 AM EDT
[#9]
Quote HistoryQuoted: how about open the economy and it takes care of itself shitlord Too late for that. Nine million more people are unemployed compared to a year ago. Do you know how long it takes to get nine million people back into productive employment? Just those nine million require trillions in capital expenditures to be productive workers again. Where will that capital come from? Millions of people have left the workforce and a million businesses have closed. The Dems destroyed the economy to get the presidency, but the economy doesn't come back to normal with some magic switch that the government can turn on. Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? |
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Posted: 1/20/2021 12:47:48 AM EDT
[#10]
How many will regret their vote after this comes to fruition?
I have my doubts only because this will be painful for d donors. Biden’s still old school and won’t go completely there |
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Posted: 1/20/2021 12:47:54 AM EDT
[#11]
Quote HistoryQuoted: WTF? And today they only send me 145.90 for a stimulus check?! I want free money. Once your inflationary gains are recognized, you'll have to pay back the $145.90 too. Sorry bro. |
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Posted: 1/20/2021 12:48:21 AM EDT
[#12]
Quote HistoryQuoted: That is fucking terrifying. It is called CONFISCATION. |
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Posted: 1/20/2021 12:52:51 AM EDT
[#13]
Quote HistoryQuoted: That is fucking terrifying. Quote HistoryQuoted: Quoted: Taxing unrealized gains That is fucking terrifying. No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. |
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Posted: 1/20/2021 12:54:20 AM EDT
[#14]
Quote HistoryQuoted: How many will regret their vote after this comes to fruition? I have my doubts only because this will be painful for d donors. Biden’s still old school and won’t go completely there Quote HistoryQuoted: How many will regret their vote after this comes to fruition? I have my doubts only because this will be painful for d donors. Biden’s still old school and won’t go completely there Oh come on, you can't seriously believe that old demented fuck us actually calling the shots. Quoted: Too late for that. Nine million more people are unemployed compared to a year ago. Do you know how long it takes to get nine million people back into productive employment? Just those nine million require trillions in capital expenditures to be productive workers again. Where will that capital come from? Millions of people have left the workforce and a million businesses have closed. The Dems destroyed the economy to get the presidency, but the economy doesn't come back to normal with some magic switch that the government can turn on. Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? Well said. Frighteningly so. |
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Posted: 1/20/2021 12:54:27 AM EDT
[#15]
Quote HistoryQuoted: No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. Quote HistoryQuoted: Quoted: Quoted: Taxing unrealized gains That is fucking terrifying. No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. To me it sounds like they might be taxing the increase of your portfolio when you haven't sold anything yet, am I wrong ? |
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Posted: 1/20/2021 12:57:34 AM EDT
[#16]
1st there was Pre-Crime now there will be Pre-Profit.
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Posted: 1/20/2021 12:57:44 AM EDT
[#17]
What about losses?
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Posted: 1/20/2021 12:58:30 AM EDT
[#18]
Quote HistoryQuoted: That is fucking terrifying. Quote HistoryQuoted: Quoted: Taxing unrealized gains That is fucking terrifying. That would kill equity liquidity and send the value of securities into the toilet. I'd say fuck it and dump all my holdings into a money market fund or maybe some kind of fixed income/dividend fund. 
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Posted: 1/20/2021 1:01:52 AM EDT
[#19]
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Posted: 1/20/2021 1:04:54 AM EDT
[#20]
Quote HistoryQuoted: Too late for that. Nine million more people are unemployed compared to a year ago. Do you know how long it takes to get nine million people back into productive employment? Just those nine million require trillions in capital expenditures to be productive workers again. Where will that capital come from? Millions of people have left the workforce and a million businesses have closed. The Dems destroyed the economy to get the presidency, but the economy doesn't come back to normal with some magic switch that the government can turn on. Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? Quote HistoryQuoted: Quoted: how about open the economy and it takes care of itself shitlord Too late for that. Nine million more people are unemployed compared to a year ago. Do you know how long it takes to get nine million people back into productive employment? Just those nine million require trillions in capital expenditures to be productive workers again. Where will that capital come from? Millions of people have left the workforce and a million businesses have closed. The Dems destroyed the economy to get the presidency, but the economy doesn't come back to normal with some magic switch that the government can turn on. Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? All of this, plus the intent to not o ly give amnesty and citizenship to the 15-20 million illegal immigrants but open H1b back up even wider and less protections against extra waves of incoming illegal immigration. Less wages for Americans and more benefits to illegals and unneeded foreign nationals. Taxing unearned gains. At what point is it just literal robbery with no pretenses? Federal property tax rate mandates will be coming soon. It’s 1917 Russia now. |
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Posted: 1/20/2021 1:06:47 AM EDT
[#21]
Uh, we've been on life support since 2008.
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Posted: 1/20/2021 1:08:05 AM EDT
[#22]
Quote HistoryQuoted: That is fucking terrifying. Quote HistoryQuoted: Quoted: Taxing unrealized gains That is fucking terrifying. What the FUCK |
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Posted: 1/20/2021 1:12:23 AM EDT
[#23]
Within 6 months, the media will be harping non-stop about how fantastic the economic recovery has been under Biden, despite the absolute disaster he inherited from Trump. They'll say it's a miracle that Biden has been able to bring us back from the brink of total collapse.
People will wonder why they aren't personally benefitting from any of it, but they'll believe it's true because the media and all the Democrats say so. |
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Posted: 1/20/2021 1:16:13 AM EDT
[#24]
She's over 9000!
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Posted: 1/20/2021 1:17:35 AM EDT
[#25]
Quote HistoryQuoted: All of this, plus the intent to not o ly give amnesty and citizenship to the 15-20 million illegal immigrants but open H1b back up even wider and less protections against extra waves of incoming illegal immigration. Less wages for Americans and more benefits to illegals and unneeded foreign nationals. Taxing unearned gains. At what point is it just literal robbery with no pretenses? Federal property tax rate mandates will be coming soon. It’s 1917 Russia now. Quote HistoryQuoted: Quoted: Quoted: how about open the economy and it takes care of itself shitlord Too late for that. Nine million more people are unemployed compared to a year ago. Do you know how long it takes to get nine million people back into productive employment? Just those nine million require trillions in capital expenditures to be productive workers again. Where will that capital come from? Millions of people have left the workforce and a million businesses have closed. The Dems destroyed the economy to get the presidency, but the economy doesn't come back to normal with some magic switch that the government can turn on. Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? All of this, plus the intent to not o ly give amnesty and citizenship to the 15-20 million illegal immigrants but open H1b back up even wider and less protections against extra waves of incoming illegal immigration. Less wages for Americans and more benefits to illegals and unneeded foreign nationals. Taxing unearned gains. At what point is it just literal robbery with no pretenses? Federal property tax rate mandates will be coming soon. It’s 1917 Russia now. yeah, lets bring them all in... since no one has a job.. right?  good idea! |
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Posted: 1/20/2021 1:21:51 AM EDT
[#26]
And to think, the millennials blamed the boomers for the debt load.
When actually it’s going to be the admin they voted into power who sacrifices their futures. Oh snap. |
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Posted: 1/20/2021 1:22:19 AM EDT
[#27]
Quote HistoryQuoted: It is called CONFISCATION. Quote HistoryQuoted: Quoted: That is fucking terrifying. It is called CONFISCATION. When you look at a holding and compare the loss of holding it to the loss of exporting it... |
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Posted: 1/20/2021 1:25:10 AM EDT
[#28]
Quote HistoryQuoted: That is fucking terrifying. Quote HistoryQuoted: Quoted: Taxing unrealized gains That is fucking terrifying. If I'm interpreting that correctly... taxing gains that haven't even been made yet? YEAH. That shit is fucking frightening. I've said it a few times today... I think we're going to see the Law of Unintended Consequences kicking in a lot over the next few years! |
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Posted: 1/20/2021 1:25:14 AM EDT
[#29]
 I'm glad I enjoyed the circus when I was a kid. Clown world ain't as much fun as an adult. 
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Posted: 1/20/2021 1:26:14 AM EDT
[#30]
Quote HistoryQuoted: Taxing unrealized gains WTF is an unrealized gain? |
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Posted: 1/20/2021 1:27:35 AM EDT
[#31]
Quote HistoryQuoted: Taxing unrealized gains I guess that means reach into the traditional IRAs and 401k's and ... "Well, let's just take some now. It's ours anyway. Thank you for your patriotic support." |
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Posted: 1/20/2021 1:31:12 AM EDT
[#32]
Look I know the left are uneducated and only have degree mill byproducts but this shit is amateur leadership. Every single one of their ideas are lessons learned several times over. You have to lose yourself in mental gymnastics to even think their ideas are not catastrophic.
Ruins of an empire I guess. Trying to keep the sharade up long enough for them to sack the palace before the rest of the folks know what happened. |
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Posted: 1/20/2021 1:33:49 AM EDT
[#33]
Quote HistoryQuoted: WTF is an unrealized gain? You buy a stock for 5 bucks. Its now 20. You have 15 in unrealized gains. Pay taxes when you sell it. Now imagine you're taxed at 20 bucks a share and pay 5 bucks to the government and the stock then goes below 5 bucks. You never realized any profit but are still paying taxes. |
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Posted: 1/20/2021 1:34:16 AM EDT
[#34]
Quote HistoryQuoted: Look I know the left are uneducated and only have degree mill byproducts but this shit is amateur leadership. Every single one of their ideas are lessons learned several times over. You have to lose yourself in mental gymnastics to even think their ideas are not catastrophic. Ruins of an empire I guess. Trying to keep the sharade up long enough for them to sack the palace before the rest of the folks know what happened. Ironic. |
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Posted: 1/20/2021 1:35:11 AM EDT
[#35]
Quote HistoryQuoted: WTF is an unrealized gain? You bought $300 gold-one ounce. It’s in your safe. You could sell it for $1800. You don’t, so it is an “unrealized gain.” They want you to pay a tax on the gold. Say, 2% of current value. So you have to cut the government a check for $36. Each year. And you can bet whatever the rate is it will increase every year and it’s ok because you’re rich and must be made to pay your fair share. Edit to add: That rate might be actually closer to the capital gains rate because now they’re just not going to wait for you to sell, probably closer to %10. And “mark to market” means they decide what market is. So that $36 could just as easily be $180 each year. They know they can just take whatever they want and they are going to. |
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Posted: 1/20/2021 1:38:41 AM EDT
[#36]
Quote HistoryQuoted: how about open the economy and it takes care of itself shitlord |
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Posted: 1/20/2021 1:39:07 AM EDT
[#37]
Quote HistoryQuoted: No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. Quote HistoryQuoted: Quoted: Quoted: Taxing unrealized gains That is fucking terrifying. No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. It's sorta like the "unsecured property tax" that I pay annually for my boat. Fuckers. |
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Posted: 1/20/2021 1:54:04 AM EDT
[#38]
Quote HistoryQuoted: You bought $300 gold-one ounce. It’s in your safe. You could sell it for $1800. You don’t, so it is an “unrealized gain.” They want you to pay a tax on the gold. Say, 2% of current value. So you have to cut the government a check for $36. Each year. And you can bet whatever the rate is it will increase every year and it’s ok because you’re rich and must be made to pay your fair share. Edit to add: That rate might be actually closer to the capital gains rate because now they’re just not going to wait for you to sell, probably closer to %10. And “mark to market” means they decide what market is. So that $36 could just as easily be $180 each year. They know they can just take whatever they want and they are going to. That's why I hold physical and not paper. The gov doesn't know how much gold, guns, or ammo I have, and they're not going to know. |
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Posted: 1/20/2021 2:03:47 AM EDT
[#39]
Quote HistoryQuoted: WTF is an unrealized gain? For instance, lets say you bought 100 shares of AMD stock at $2 a share and you hold all of it until present day (currently 89.45 a share). You could make a lot of money if you sold it and it's currently worth way more than the $2 you bought it for, but that gain isn't realized yet because you haven't sold it yet. The government would tax that unrealized gain whether you sold the stock or not. |
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Posted: 1/20/2021 2:05:45 AM EDT
[#40]
Quote HistoryQuoted: Within 6 months, the media will be harping non-stop about how fantastic the economic recovery has been under Biden, despite the absolute disaster he inherited from Trump. They'll say it's a miracle that Biden has been able to bring us back from the brink of total collapse. People will wonder why they aren't personally benefitting from any of it, but they'll believe it's true because the media and all the Democrats say so. Absolutely. If not six months then within a year. Fuck these vile loathsome motherfuckers. |
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Posted: 1/20/2021 2:06:22 AM EDT
[#41]
I think it's safe to say at some point in the future interest rates will rise above 0%. And when they do that massive debt overhang we're foolishly racking up will go from being a lifeline to a massive ball and chain that will wreck the economy and force the government into austerity or complete collapse... Or the Fed holds them down and we're all billionaires.
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Posted: 1/20/2021 2:12:32 AM EDT
[#42]
Quote HistoryQuoted: Basically a way to tax people that have valuable items, financial instruments, stocks etc. that they aren't selling/trading right now. People may want to hold on to them for a number of reasons; the government wants to extract as much money as they can. For instance, lets say you bought 100 shares of AMD stock at $2 a share and you hold all of it until present day (currently 89.45 a share). You could make a lot of money if you sold it and it's currently worth way more than the $2 you bought it for, but that gain isn't realized yet because you haven't sold it yet. The government would tax that unrealized gain whether you sold the stock or not. Quote HistoryQuoted: Quoted: WTF is an unrealized gain? For instance, lets say you bought 100 shares of AMD stock at $2 a share and you hold all of it until present day (currently 89.45 a share). You could make a lot of money if you sold it and it's currently worth way more than the $2 you bought it for, but that gain isn't realized yet because you haven't sold it yet. The government would tax that unrealized gain whether you sold the stock or not. Similar to real estate? Yeah, we can bet on seeing this coming to fruition. |
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Posted: 1/20/2021 2:25:31 AM EDT
[#43]
Quote HistoryQuoted: Taxing unrealized gains That won’t completely tank the stock market. |
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Posted: 1/20/2021 4:43:42 AM EDT
[#44]
Quote HistoryQuoted: Let me ask you: would you put your personal capital at risk starting a business after seeing how the governments behaved this past year? Would you work harder for more money if it's just going to get taxed away? Would you hire someone when you will be required to pay them more than they are worth? Yes but it depends on the business. |
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Posted: 1/20/2021 4:46:24 AM EDT
[#45]
Quote HistoryQuoted: Taxing unrealized gains |
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Posted: 1/20/2021 5:23:56 AM EDT
[#46]
Quote HistoryQuoted: I think it's safe to say at some point in the future interest rates will rise above 0%. And when they do that massive debt overhang we're foolishly racking up will go from being a lifeline to a massive ball and chain that will wreck the economy and force the government into austerity or complete collapse... Or the Fed holds them down and we're all billionaires. The government will never choose austerity, that's been clear since 2002. The functional collapse of the monetary system will be seen as a social justice opportunity. |
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Posted: 1/20/2021 5:30:31 AM EDT
[#47]
Quote HistoryQuoted: How many will regret their vote after this comes to fruition? I have my doubts only because this will be painful for d donors. Biden’s still old school and won’t go completely there Biden's controllers will. And so will Harris. |
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Posted: 1/20/2021 5:36:06 AM EDT
[#48]
Quote HistoryQuoted: No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. Quote HistoryQuoted: Quoted: Quoted: Taxing unrealized gains That is fucking terrifying. No shit!!! What in the fuck does that even mean??? We are living in fucking clown world. it means as they print trillions of dollars to give to the elite it will cause massive inflation. As asset worth rises due to inflation the govt is going to tax you on that new inflation produced value every year even when you dont sell said asset. TLDR: theft till you have nothing left |
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Posted: 1/20/2021 5:43:00 AM EDT
[#49]
Look on the bright side though, no more tweets
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Posted: 1/20/2021 5:51:22 AM EDT
[#50]
 Taxman (Remastered 2009) |
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