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|    talk.politics    |    General politics discussion    |    44,666 messages    |
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|    Message 43,269 of 44,666    |
|    Ray Fischer to All    |
|    Re: Wealth tax    |
|    11 Jun 21 10:24:39    |
      XPost: alt.atheism, alt.fan.rush-limbaugh, alt.politics.usa.republican       XPost: alt.politics.democrats.d, alt.politics.trump, alt.religio       .christian.roman-catholic       XPost: alt.politics, alt.politics.democrats, alt.politics.republicans       XPost: talk.politics.guns       From: rfischer@sonic.net              On 6/11/2021 8:33 AM, #ReamMeUpTheAssSnotty, brain-damaged fucktard who rode       his       scooter into a tree while not wearing a helmet, stupidly bawled and lied:              > On 6/10/21 3:14 PM, Rudy Canoza wrote:       >> Suppose I took my life savings and bought 300,000 shares of Amazon on       >> Aug 10, 2001 at $9.95 per share ($2,985,000 total). I've sat on those       >> shares for coming up on 20 years, neither selling any nor buying more.       >> The stock is my only asset. I'm still working and earning $120,000 per       >> year, which is not rich in anyone's book. My Amazon stock is now worth       >> about $3,335 per share, for a total valuation of $1,000,500,000. Why       >> should I pay any tax on any of that asset price increase? I shouldn't.       >> If I sell some of the stock, I'll pay a capital gains tax, but as long       >> as I continue to hold the shares, I should not pay any tax based on       >> their price appreciation.       >       >       > Suppose the Government quit taxing your income on labor (since trading       > an hour of your life for dollars is an even trade and NO PROFIT was       > created for the person selling their labor)              #ReamMeUpTheAssSnotty, brain-damaged fucktard who rode his scooter into a tree       while not wearing a helmet, proves that in addition to knowing nothing about       the       Constitution or law, he also knows nothing about taxation.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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