Forgejo is changing its license to a Copyleft license. This blog post will try to bring clarity about the impact to you, explain the motivation behind this change and answer some questions you might have.
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Developers who choose to publish their work under a copyleft license are excluded from participating in software that is published under a permissive license. That is at the opposite of the core values of the Forgejo project and in June 2023 it was decided to also accept copylefted contributions. A year later, in August 2024, the first pull request to take advantage of this opportunity was proposed and merged.
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Forgejo versions starting from v9.0 are now released under the GPL v3+ and earlier Forgejo versions, including v8.0 and v7.0 patch releases remain under the MIT license.
Can I pay my rent with unrealized capital gains?
@iopq Not you… but yes it’s possible and generally it creates financial bubbles. Basically using your capital as collateral on your mortgage. An example: https://www.youtube.com/watch?v=vpV1FS-gRZw (4:50)
But then I’d have to take out loans to pay my taxes which is absurd. I’ll have to pay taxes on money that I don’t physically have
@iopq You asked about rent, not taxes. They actually avoid taxes in this way. And yes, using money they don’t physically have is exactly the source of all financial bubbles.
I’m saying you can’t pay with paper money, you must pay with real money for everything.
I’m not against considering loans against unrealized assets as realization (with stepped up basis) since the person taking out said loan can use it to pay said tax.
People do this exact thing all the time. Taking on debts to keep cashflow or avoid taxes is normal.
If you are just sitting on unproductive assets instead of realising their value in some way, you are doing the wrong thing.
You should be able to gain revenue from the asset or it wouldn’t have appreciating value.
All your comments don’t make sense, it’s like you just want to take from the economy without giving anything back.
I forgot the most obvious example:
If you bought a house for $200,000 and when you retire it’s worth $1,000,000 the government shouldn’t demand you pay a percentage of your “gain” for the rest of your life or until you are forced to sell it.
Why not
Taxes bad?
You are saying you want to tax retired people with no income just because they have a place to live in. Should we kick them out for nonpayment of said taxes too? Because that’s what would happen. It happens in states with property taxes, but now you want to take it national.
This is the problem with leftists. This message would be an extremely bad electoral platform.
Let’s say I give $100,000 to a friend that starts a start-up. You claim after some years that investment is worth $1,000,000 and want me to pay $150,000 tax
I take out a loan for $150,000 because the startup didn’t make any profit. The startup goes bust. I now have a $100,000 loss and I paid $150,000 in taxes. Thankfully I can write $3000 off on my taxes every year until I die!
If the startup made no profit it would never be worth 1000000. You would only have a capital gain if value was realizable.
If you never made a dime from your initial 100000 investment you would sell off the asset at that point instead of paying taxes.
If you were too dumb to sell parts of your assets, and instead chose to be cash negative or fail to pay your taxes, you kind of deserve to lose everything because you were too stubborn to receive advice from anybody.
Amazon had its first profitable year in 2003. It was worth 21 billion dollars.