You have a big mouth for someone who has zero clue.
Obviously, taxes are levied on a yearly basis and not every day, so daily fluctuations in value are irrelevant.
And retirement funds are tax exempt, so they will not be screwed.
And yes, people who can’t afford to pay property taxes have to sell property. That is a reality we all have to deal with, so why not let the super rich also deal with it.
Are you not proposing taxing billionaires billions in taxes until they are no longer billionaires? That’s what everyone else seems to be suggesting. If they took out billion dollar loans to pay this tax, their wealth would be the same or more every year and they would pay billions more next year. It doesn’t take long for there to be no more loans available because all the owned stock is held as collateral for these billions in tax loans they took out.
Oh, thanks for singling out one form of stock ownership while harshly taxing another. Not all middle class “retirement” accounts are under that retirement umbrella though. Since there are a lot of restrictions in those many will have regular stock holdings that would be taxed under your plans.
Financial and real assets are different. We don’t tax financial assets as property, and only some real property gets a property tax.
You really don’t see how your ideas won’t work, do you?
You have a big mouth for someone who has zero clue.
Obviously, taxes are levied on a yearly basis and not every day, so daily fluctuations in value are irrelevant.
And retirement funds are tax exempt, so they will not be screwed.
And yes, people who can’t afford to pay property taxes have to sell property. That is a reality we all have to deal with, so why not let the super rich also deal with it.
Dude, get some education.
Are you not proposing taxing billionaires billions in taxes until they are no longer billionaires? That’s what everyone else seems to be suggesting. If they took out billion dollar loans to pay this tax, their wealth would be the same or more every year and they would pay billions more next year. It doesn’t take long for there to be no more loans available because all the owned stock is held as collateral for these billions in tax loans they took out.
Oh, thanks for singling out one form of stock ownership while harshly taxing another. Not all middle class “retirement” accounts are under that retirement umbrella though. Since there are a lot of restrictions in those many will have regular stock holdings that would be taxed under your plans.
Financial and real assets are different. We don’t tax financial assets as property, and only some real property gets a property tax.
You really don’t see how your ideas won’t work, do you?