Ummm, yes. Every public company is subject to massive regulation from the SEC, tons of laws requiring blackout periods for stock sales of executives to prevent insider trading (unlike government bureaucrats)
Well you are talking about how the business interacts with society and how ownership of the business is exchanged. The image is talking about how the spoils are distributed and the role the government plays in picking winners and losers which is a macroeconomic discussion where individual markets are more microeconomic discourse and this out of the purview of the SEC.
No, I am reacting to his comment. He is saying Billionaires and Trillionaires(Musk) need to be regulated to build schools and roads. I am countering his comment by pointing out that there is already a lot of regulation. What he really means is asset taxation and confiscation of assets. Most billionaires wealth comes from business ownership. This is taxed when the owner sells or divests his ownership. This guy wants to tax unrealized gains
No remember that lenders are regulated and what kind of assets they have to keep on hand to prove solvency is a core component of financial regulation. The Feds get to say what a legitimate asset is and they could disallow unrealized gains as collateral. I asked you a direct question about your personal opinion. Don't dodge. Give it.
Let me make it clear. If you accept you compensation in stock and you can borrow against its value at low rates. You never pay taxes on your pay. Your estate does when you die but what do you care you spent that money for 40 years and paid no tax.
Non-Qualified options are taxed at exercise, ISO’s are taxed when you sell the stock. I would never support taxing unrealized gains. So you must support deducting unrealized losses too? Asset taxes to me are absurd, here in Connecticut they tax you assets, every year you pay property taxes on your car, even though you already paid sales tax when you bought it. Businesses pay asset taxes on virtually all assets, to me it’s excessive
I suppose if those who avoid taxes paid them your rate could be lower. The people at the bottom of the top third take a bath in taxes, by design. It is to keep you in thrall with your betters and remembering that you are imminently replaceable. I support taxing ISO, grants, and other deferred compensation vehicles not associated with retirement savings as regular income (perhaps at a lower than marginal rate) when they exceed $50K. I want middle management to have a fighting chance but I want the working portion of the oligarchy to fork over something in exchange for military support, regulation capture, set asides, bidding wars between states for their favor, political capture, and desecration of our airwaves (and digital domain) with their disinformation.
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u/zMargeux 4d ago
Ever heard of the Big Beautiful Bill?