return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 months agoHow Walmart And Pepsico Rigged Prices And Supercharged Food Inflationwww.forbes.comexternal-linkmessage-square8linkfedilinkarrow-up190arrow-down10file-textcross-posted to: news@lemmy.world
arrow-up190arrow-down1external-linkHow Walmart And Pepsico Rigged Prices And Supercharged Food Inflationwww.forbes.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 months agomessage-square8linkfedilinkfile-textcross-posted to: news@lemmy.world
minus-squarejjjalljs@ttrpg.networklinkfedilinkarrow-up2·3 months agoRight. Stocks and other assets are used as collateral against loans. The loans give them liquid cash, but they’re not taxed on this. There are probably a bunch of solutions to this, but the ultra wealthy enjoy this system so changing it has well financed opposition
minus-squarevillage604linkfedilinkEnglisharrow-up2·3 months agoI definitely agree that using stocks as collateral for loans should count as realized gains.
Right. Stocks and other assets are used as collateral against loans. The loans give them liquid cash, but they’re not taxed on this.
There are probably a bunch of solutions to this, but the ultra wealthy enjoy this system so changing it has well financed opposition
I definitely agree that using stocks as collateral for loans should count as realized gains.