Things that keep me up at night: nostr:note1wwpm3eers3lnw9rmdtdu47rrpdfmmcy6eh9m8nl4ztx4a9kq6t6snh845m
Discussion
What happens when assets lose value? Is the government going to allow deductions or refunds based on loss of value? This has absolutely no chance of passing, at least not without rules that would target only the lower class and assets not held by the wealthy (like say, crypto).
I don’t think it’s likely to pass either but I wouldn’t rule it out so easily. It wouldn’t be the first time they pass something that impacts lower and middle class, while providing loopholes and exceptions to massive corporations and banks.
Agreed. If there is something like this in the pipeline, it certainly won't result in the rich paying taxes on their mansions in Newport RI that have been owned for generations. My guess is that they will attack "new" forms of wealth, like crypto.
They weren’t kidding when they said their plan for us out loud- “you will have nothing, and be happy”
El Salvador, here I come!