Quak, Quak, quuaakk

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Joined 11 months ago
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Cake day: December 23rd, 2023

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  • Exclude a mortgage for your primary residence, capped at the median house price or something… And only exclude it IF it is paid back in full over a max period.

    This is the case in the Netherlands… paid back in full after max 30 years… No cap in how much. This was because the interest on the mortgage are tax deductible. So some bankers figured… we keep the loan maxed, and put your paybacks in a special fund… and at the end of the 30 years the fund pays back the mortgage. That way we get max interests and you get max tax break. In the end the banks made a lot of public funds private this way.


  • Assets are taxed all the time (real estate tax, car tax… ). So taxing the value of a share portfolio at the 31st of December each year is perfectly doable. And if it has depreciated since last year, you get a tax deduction… which is capped by the income tax to maximally reach 0… No carrying over till next year… or maybe 1 year… whatever, that’s implementation details.

    How much do you tax these assets is the point that needs consideration… it’s not fully income… But a percentage is only fair. And if this means people need to realize gains to pay for it… that’s fine… Why would it not be?

    And borrowing against an asset portfolio should mean that it counts as realizing gains of the asset portfolio and the amount is seen as income and thus taxed. (You loan 10 million against your shares, that’s income) And to avoid fallout for the normal people you can build in a threshold and exclusions for example for the first million in your lifetime… or for the mortgage on your primary residence with a cap at the median house price or … something. So for these people borrowing against assets means they can keep the assets… but pay interest on the loan. Alternatively they can actually realize the gains and pay cash.

    It’s not hard at all, it’s a matter of political will, and writing proper laws that state your objective and exceptions.






  • Change in this case is not, “were doing everything completely different”, but more of where the focus of the policy is. And the focus on “the economy” does shit for normal people. I’m sure wrecking the economy will hurt them… but the simple fact is biden-harris failed to adress the issues facing a looooooot of americans.

    And your chocolate pudding example perfectly aligns with the failure to imprison Trump. The Americans don’t care about ANY of his crimes because the justice system and the president did not Care.

    If it was soooooooo important, he would have been thrown in jail, publicly prosecuted and executed for treason… and he was not. Instead everyone danced around it, and SHOWED the American people there are zero consequences while saying “he is so dangerous, he is so bad, he is a criminal”. Well like you say, talk is cheap. Put up or shut up… and the American people said the same. All the anti Trump rhetoric was dismissed because if any of it where true he would have been in jail.

    The fact Biden is the most pro worker and pro u ion does not mean shit if the whole world saw you use executive power to publicly stop the strike. The fact that he later in backrooms got them ak OK deal… was done in the limelight… so that’s an own goal. He should have targeted the Corporation at the same time… but he did not.

    So I get what you are saying. And I argue, the Dems fucked themselves… a lot… repeatedly…


  • No, the Democratic party ran a candidate that wanted to keep the status quo in a period the whole country needed change.

    And during the last 4 years the sitting president was actually sleepy Joe. He should have arrested trump and his co conspirators and throw away the key after a very public trial.

    But instead, they did nothing to stem the tide of fascism. If you want to blame people, blame the technocrats Trump was projecting on during his campaign. As if he is a small portion of who he says he is, he will show everyone what the Dems should have done.