Venice against Jeff Bezos wedding (23rd June)
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He's renting it from the interest and profits he gets from those stocks. I'm paying tax on the gains I get from my stocks and so should he.
Interest and profits from the stocks? Can you elaborats?
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You know that income tax and capital gains tax are not the only kinds of tax, right?
There is no capital gains tax. There is tax on realized capital gains, which is income. Can you elaborate what you mean? I might be wrong.
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I literally don't care what he's doing as long as he doesn't do illegal tax evasion. He's not a bad person if he adhers to the laws. He had a big wedding, so what? Why do you even care? If think this is unfair go vote...
wrote on last edited by [email protected]Nah man, billionaires shouldn't exist. It is literally impossible to amass that type of wealth without exploiting (stealing surplus value from) people working for you. Aside from that, it is more money than a person could ever spend and takes huge amounts of money out of the economy, slowing the velocity of money.
You should care, because it actively harms the economy to have that kind of wealth hoarding.
And I do vote, but that doesn't help in a broken system built by people like this to enable and encourage exploitation. Do you really think that the people in power actually wish to hold people like this accountable? Of course they fuckin don't, they're the same goddamn people.
I work in tax and i can tell you the tax systems are broken once you pass a certain level of wealth most of us will never achieve in our lifetimes. This is by design.
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There is no capital gains tax. There is tax on realized capital gains, which is income. Can you elaborate what you mean? I might be wrong.
wrote on last edited by [email protected]You are wrong in terminology. Capital gains tax is not the same as income tax. The “realized“ term you mentioned is already redundant with the “gains”. If it’s unrealized there is no gain.
https://en.m.wikipedia.org/wiki/Capital_gains_tax
However, it’s also possible to tax capital itself. This is normally referred to as a wealth tax
https://en.m.wikipedia.org/wiki/Wealth_tax
You seem to be under the impression that these existing categories are the only kinds of tax that can exist. In reality, it’s entirely possible to structure taxes in any way that people can devise.
