Peter on Nostr: A guy with an avatar of a pretend billionaire wants to talk about MuH CaPiTaL gAiNs? ...
A guy with an avatar of a pretend billionaire wants to talk about MuH CaPiTaL gAiNs? Teacher's unions will absorb those spending increases like a sponge.
You know who really feels the pinch? It isn't Venture Capitalists. It isn't trust fund babies. It isn't even someone flipping houses. It's long term families that owned land. They bought it for cheap, they made it their home. Middle of nowhere, but BlackRock says they want to erect a highrise for niggers there. And just like that, on paper, it's worth tens of millions.
With an initial purchase price of 5K, guess how encompassing those Capital Gains tax will be? Doesn't matter if you have no intention of ever parting with it, there's a virtual profit to be taxed. They love inflation, and property assessments are never on the low side. They can conjure more revenue whenever it suits them.
You'll own nothing and be happy.
You know who really feels the pinch? It isn't Venture Capitalists. It isn't trust fund babies. It isn't even someone flipping houses. It's long term families that owned land. They bought it for cheap, they made it their home. Middle of nowhere, but BlackRock says they want to erect a highrise for niggers there. And just like that, on paper, it's worth tens of millions.
With an initial purchase price of 5K, guess how encompassing those Capital Gains tax will be? Doesn't matter if you have no intention of ever parting with it, there's a virtual profit to be taxed. They love inflation, and property assessments are never on the low side. They can conjure more revenue whenever it suits them.
You'll own nothing and be happy.