We need more outdoor spaces like this in the US.

I think they are called boot sandals !!! 🤗💃

What about the 🎶🎵🎶🎵🎶🎵?

Did you listen ?

This won't eat the rich at all. It will only lock out the poor from participating in investments. An unrealized gains tax is effectively a prepayment on your eventual realized gains.

It'll make stock investments unattainable for the cash poor. If you're taxed on unrealized gains you have to pay tax on earnings you haven't actually earned (and may never actually earn). The cash poor will not be able to pay this tax and therefore cannot invest. The rich can pay it as they have liquid cash on the sidelines.

Taxing unrealized gains ultimately becomes a timing issue. Once a security is realized, you end up at the same net amount of tax paid (you pay more upfront and less upon disposition). A tax on unrealized gains is effectively a prepayment on your realized gains. The rich who can afford to prepay will not pay any additional taxes net. This will not eat the rich but simply lock out the poor.

This gets crazier because if the unrealized gain turns into unrealized loss later down the line, how is that handled? Is the government going to provide a rebate/return on the difference? Tax basis is already a nightmare to deal with as-is, this is just another massive layer of complication to add on top. Just on data volume alone, this will likely add, on avg 5-10x more transactions to process. And thats not taking into consideration the significantly more complicated rules/exceptions that will need to be put in place and the level of additional rollforward tracking required for the lifetime of every position. This will become an absolute logistical nightmare from a tax accounting perspective.

Might go play golf ⛳️ today

I don’t play golf ⛳️ at all

Might just go anyway 🤣

😂 Even worse:

“The value of your stocks went up last year. You owe us tax on those gains.”

“Yea but they’re all down this year. I’d have to sell half of them just to pay that tax.”

Now imagine millions of people having to do this, and how many companies would tank and layoffs would result from it.

They can tax this dick.

Also, GM 🤙

If Kamala is elected, yes. She is proposing a 25% tax on unrealized capital gains.

Handy talking points for newbies. nostr:note1xtc5pea5qpcrg3ynzvwrvp5t344xps4qzf88shvcq7aa7l8xmvzs3yuy36

Badum-tsss … but seriously, the whole “unrealized capital gains tax” thing ought to be concerning to everyone who loves freedom. Gm ☕️☀️

nak is quickly becoming the superapp that will try to capture nostr

Say NO to nak

Say NO to nostr centralization

nostr:note1q232f9794vjlur3p6xllqx0trya9qg647kaks08ktyvz4ejh2ndszy5zuh

Yes you can!

He's got shit to do.

💜 #Coffee #NOSTR #BITCOIN 🧡

auto-following on account creation is a mistake. especially for nostr clients. takes a bunch of agency away and puts the person in a defensive position of “why am i following this account?”

trending, search, and topics are far better leads to a follow.