• @[email protected]
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      1010 months ago

      “buy borrow die” is totally income, dude. It’s just not taxed, and step-up basis makes it worse.

      The net worth is used to fund everyday expenses, it is effectively income.

        • @[email protected]
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          510 months ago

          I wouldn’t be surprised if those loans are repaid without realizing the gain of the collateral. Step-up basis is a huge tax dodge, and tax dodge is theft from all the people who would benefit from the things those taxes could pay for.

          The way the rich use loans as income is unfair. Therefore the rich do not pay their fair share.

            • @[email protected]
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              610 months ago

              If you agree the system is broken I encourage you to reconsider your prior statements about the rich not paying their fair share.

              Rich people do a variety of shady stuff and keep it hidden (Panama papers), I wouldn’t trust your lack of data points to mean it isn’t a pervasive problem.

    • @Zombiepirate
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      1010 months ago

      I’m done pretending you’re a serious person arguing seriously.

      Anyone can say “nuh-uh.”

      I also never said wealth was taxed. I said his income should be taxed (in response to your question).

      You’re misrepresenting my argument at every step like you always do. Your sealion question at the end is irrelevant; you have no idea how much I earn, and I’m not here to impress Internet strangers like you seem to be. Bet you’re real close to that billion though if you keep grinding!

      Bet it burns you up that you can’t ban me from here.

        • @Zombiepirate
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          710 months ago

          Funny how you’re always the only one who has trouble understanding me.

            • @Zombiepirate
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              10 months ago

              If I did would it change your mind?

              If not, why should I bother? This isn’t germaine, it’s a distraction because you don’t want to argue the actual point.

                • @Zombiepirate
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                  10 months ago

                  Would it change your mind?

                  If not, it’s irrelevant. So why are you so hung up on that?

                  You’re playing games because you don’t want to discuss the actual issue.

                  Fair enough, I understand you’ll lose the debate.