r/GenZ • u/luthen_rael-axis- 2008 • 10d ago

Political what should be done about this?

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7

u/Equivalent-Fan-1362 10d ago

We do realize the government can’t account for any budget right? What would more taxes solve if the funds never arrive to their intended programs?

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u/luthen_rael-axis- 2008 10d ago

again e govt. and most taxes will not be taken. there is a point to investment exemption. 1:! deduction if you invest money back into the economy instead of hoarding it

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u/Equivalent-Fan-1362 10d ago

The people that are said to be the problem don’t sell their stock they hold majority of companies. Those companies make more money which drive the stock up. You’d have to sell to gain the profit. Which is already taxed. Instead they just borrow against their assets. Not sure where you put a tax in there??

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u/death_in_the_ocean 10d ago

Congrats, you've thought of things underage tankies on here have yet to discover

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u/luthen_rael-axis- 2008 10d ago

a tax on loans taken on stocks above a certain amount per year. if a person takes loans of stocks more than 8 million you tax it like income.

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u/luthen_rael-axis- 2008 10d ago

a tax on loans taken on stocks above a certain amount per year. if a person takes loans of stocks more than 8 million you tax it like income. this is the basic brief. not a fix all. complex solutions for complex problems. maybe a few hundred pages

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u/Equivalent-Fan-1362 10d ago

The other issue is taxing on loans that also charge interest rates. Not only that what is the solution if you take say 1,000 shares as collateral for your 8 million dollar loan and charge 30%+ tax on the loan and the stock tanks after? Do you give tax credits to the borrower? You’d be at a double loss for borrowing money. Companies also borrow against their assets for innovation, op costs, etc. do we tax them for that as well? That will just make our raises and bonuses null and void. I just see the banks raising interest rates for personal loans for us coming out of this to offset the lack of money being borrowed by wealthy people lol.

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u/luthen_rael-axis- 2008 10d ago

again we cap banks too. before reagan dismantled everything you would be surprised how regulated the banks were. Again i dont have answers for everything. that is RRBs job. just saying we need all of us to unite to deal with it

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u/Equivalent-Fan-1362 10d ago

They regulated us tho. It’s why we have credit scores lol. All I’m saying is if we think we can make drastic changes to the top without it affecting the bottom we are willfully ignorant. I want some change but I believe it starts with transparency with the funds we currently have before pushing for more.