Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
This would effectively lock out every small investor from the stock market due to the liability of both success and failure.
Good
How so?
“Oh no, I made money, better put a small percentage of my gains away for tax season, just like I do with all of my income, because I’m American and lack a good PAYE system”.
You’ve likely made a false assumption of stable value. Questions probably demonstrates best: Individuals are to pay taxes on value at what point in time? What if it was worth much more just previous to the time? What if it’s worth much less immediately after that time?
The time will probably be Dec. 31st. A small investor can get wiped out by poor holiday earnings. Or, far more likely, stocks will be artificially shorted by hedge funds in January to create the same situation. With options shenanigans and asymmetric rules, it’s trivially easy for the big fish to immediately eat everyone else.