borrow against those assets to access their wealth tax-free.
…until they pay the loan back, you mean.
Hell, loans better be tax free, it’s not income if you have to pay it back.
P.S. Some food for thought: if workers’ labor is being ‘skimmed’ by employers, making workers into a source of profit as a result, then why would a company ever downsize as a measure against financial difficulty? Why would any business ever fire anyone who’s doing their job, if worker = profit for the business?
Whoever sells the appreciated asset to someone else, who was willing to buy it at the new, higher price.
And if they don’t sell, there is no profit, it’s still unrealized.
Unrealized on paper, but not in a practical sense when they can borrow against those assets to access their wealth tax-free.
…until they pay the loan back, you mean.
Hell, loans better be tax free, it’s not income if you have to pay it back.
P.S. Some food for thought: if workers’ labor is being ‘skimmed’ by employers, making workers into a source of profit as a result, then why would a company ever downsize as a measure against financial difficulty? Why would any business ever fire anyone who’s doing their job, if worker = profit for the business?