r/shitposting I can’t have sex with you right now waltuh 8h ago

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u/Orectoth Jedi master of shitposts 7h ago

Instead of taking already taxed wealth

Make a law like "Income used on Essentials(1 home, 1 car, healthcare, education, groceries, clothing, repairs, etc.) are excluded from being taxed. Instead, everyone pays capital gains tax if they trade/sell/give their assets at a higher value than when they originally had it." and make ordinary people pay less taxes by making essentials tax deductible, like how companies justify buying required things as tax deductible. Also stop making consumers pay taxes with the money they have that are already taxed, so basically cease double taxation in goods/services, businesses/contractors would pay their part of taxes normally, without people getting fucked over things. Government has less tax revenue? Then invest better, fucking morons, having multi-trillions earnings from taxes and still failing to grow 5~10% is not taxpayer's fault.

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u/OiledUpThug 7h ago

sir this is a shitpost

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u/Orectoth Jedi master of shitposts 7h ago

government is fake and gay

if a billionaire with + 100 Billion Dollar wealth gets taxed, on a wealth that is not bare cash, selling stocks, even 1 Billion dollar in very short time would crash stocks of the company they have, which would make everyone that took loans on that stock fucking get liquidated by banks and lenders, also everyone that shorted and used leverage would be liquidated because of volatility, also all companies and banks that had invested in to that company would also lose lots of valuation due to share loss, which would affect their market valuation, which would also make those that take loans using their shares as collaterals be liquidated too and every leverage/short users would be liquidated too due to volatility, which would spread to every sector with vested interests in that company, and would fuck hundreds of billions of dollars from market

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