The Official "Making America Woke Again" Thread

[Ivytalk]

The Biden Administration and the new American regime

https://www.city-journal.org/joe-bidens ... -innocence


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I didn’t read the comment thread — I rarely do — but I disagree with the “politics of innocence.” I’d call it the “politics of incompetence,” such that our leaders are totally inept fools that engage in 24-7 finger-pointing to cover up their policy failures.

[Ibanez]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

[Gil Dobie]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

We get that with our graded cards. Companies charge according to what they believe the sportscards will sell for, versus what they actually sell for. They get the money up-front, so you better have a good idea what your inventory sells for before you send it to a grading company. Basically you are taxed on what the government believes it's worth. I assume they government will tax it again when it's sold. Government backed loan sharking.

[SDHornet]

Riding the pony.

[SDHornet]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

And here's the kicker, the Fed can keep pumping money into the economy so that your investments rise in "value" (*cough cough inflation*) and thusly you can be taxed more on those "gains".

Welcome to the Great Reset. You'll own nothing and be happy.

[Ibanez]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

And here's the kicker, the Fed can keep pumping money into the economy so that your investments rise in "value" (*cough cough inflation*) and thusly you can be taxed more on those "gains".

Welcome to the Great Reset. You'll own nothing and be happy.

My mom has called asking about this "Great Reset" where all the banks will be emptied and whatnot. If that happens - they better forgive everyone's debts.


And then prepare for war.

[SDHornet]

[GannonFan]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

It's just another way to say a "wealth tax" without calling it a "wealth tax". In principle, I'm not adverse to something like that, but in practice I just don't see how it's going to be practical to implement. How do you properly assess a person's property or their possessions? Heck, every local struggles with property tax reassessments and likely will forever. Extend that saga now to pretty much anything else someone owns. Like I said, the principle of getting a really rich person who has little to no income, but sits on a hoard of wealth, isn't a bad thought, per se, but that same person is likely to be able to afford the tax lawyers necessary to avoid much, if not most, of this new tax. I'm pretty sure lots of other countries, Europe included, have abandoned wealth taxes as they just weren't worth the expenditures to chase them down.

[GannonFan]

None of this could have been predicted - damn the police, say they aren't doing their jobs, and we should defund them, and then when we struggle to have enough police and/or the ones left purposely don't stick their necks out, we damn them for not doing their jobs. Gee, if only we could've predicted this ahead of time.

[DSUrocks07]

But I thought community policing was going to solve everything? Where are the social workers?

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[Ivytalk]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

It's just another way to say a "wealth tax" without calling it a "wealth tax". In principle, I'm not adverse to something like that, but in practice I just don't see how it's going to be practical to implement. How do you properly assess a person's property or their possessions? Heck, every local struggles with property tax reassessments and likely will forever. Extend that saga now to pretty much anything else someone owns. Like I said, the principle of getting a really rich person who has little to no income, but sits on a hoard of wealth, isn't a bad thought, per se, but that same person is likely to be able to afford the tax lawyers necessary to avoid much, if not most, of this new tax. I'm pretty sure lots of other countries, Europe included, have abandoned wealth taxes as they just weren't worth the expenditures to chase them down.

Taxing unrealized capital gains? What about offsets for unrealized capital losses, or are the Donks just going to ignore those?

[GannonFan]

It's just another way to say a "wealth tax" without calling it a "wealth tax". In principle, I'm not adverse to something like that, but in practice I just don't see how it's going to be practical to implement. How do you properly assess a person's property or their possessions? Heck, every local struggles with property tax reassessments and likely will forever. Extend that saga now to pretty much anything else someone owns. Like I said, the principle of getting a really rich person who has little to no income, but sits on a hoard of wealth, isn't a bad thought, per se, but that same person is likely to be able to afford the tax lawyers necessary to avoid much, if not most, of this new tax. I'm pretty sure lots of other countries, Europe included, have abandoned wealth taxes as they just weren't worth the expenditures to chase them down.

Taxing unrealized capital gains? What about offsets for unrealized capital losses, or are the Donks just going to ignore those?

I'm pretty sure they cap how much losses you can book. And it's a pretty small number.

I get the idea that it's one of those gimicks that lawmakers put into a bill to toy with the total cost of the package. Then once everything is implemented they don't really care that a revenue source like this that was used to make the money look better is just never realized. It's like a crappy present but done with really good gift wrapping. Politics at its best.

[Ivytalk]

Taxing unrealized capital gains? What about offsets for unrealized capital losses, or are the Donks just going to ignore those?

I'm pretty sure they cap how much losses you can book. And it's a pretty small number.

I get the idea that it's one of those gimicks that lawmakers put into a bill to toy with the total cost of the package. Then once everything is implemented they don't really care that a revenue source like this that was used to make the money look better is just never realized. It's like a crappy present but done with really good gift wrapping. Politics at its best.

The real gamesmanship on cost comes when the Dems reduce the projected cost by giving the big-ticket items a shorter time window. Of course, it’s rank hypocrisy, because guess what happens when an item is about to “sunset”? Presto, it’s extended!

[GannonFan]

I'm pretty sure they cap how much losses you can book. And it's a pretty small number.

I get the idea that it's one of those gimicks that lawmakers put into a bill to toy with the total cost of the package. Then once everything is implemented they don't really care that a revenue source like this that was used to make the money look better is just never realized. It's like a crappy present but done with really good gift wrapping. Politics at its best.

The real gamesmanship on cost comes when the Dems reduce the projected cost by giving the big-ticket items a shorter time window. Of course, it’s rank hypocrisy, because guess what happens when an item is about to “sunset”? Presto, it’s extended!

Thing is, they're making some of these sunset windows so small, the whole program could be killed off before the program even gets up an running. If you only cost it out for two years some of these things take more than two years to really be implemented.

[DSUrocks07]

The real gamesmanship on cost comes when the Dems reduce the projected cost by giving the big-ticket items a shorter time window. Of course, it’s rank hypocrisy, because guess what happens when an item is about to “sunset”? Presto, it’s extended!

Thing is, they're making some of these sunset windows so small, the whole program could be killed off before the program even gets up an running. If you only cost it out for two years some of these things take more than two years to really be implemented.

I bet that the original lengths of these programs were meant to keep them from further scrutiny until the sunset window arrives. 10 years would be five Congressional cycles, and most likely you would get voters to put in newbies who would not even know what was in the original bill or anything about the program and would just rubber stamp it.

Can't do that when it's only two years away, and plus turn them into yet another election issue for incumbents to defend in 2024.

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[Ibanez]

https://nypost.com/2021/10/24/dems-plan ... d-2t-bill/

Dems want to tax UNREALIZED cap gains....
1) how can you tax something that hasn't been actualized?
2) would the implication be to trigger a sell off, which would then be taxed as well?

Is there something i'm not understanding here? Seems like a grasp

It's just another way to say a "wealth tax" without calling it a "wealth tax". In principle, I'm not adverse to something like that, but in practice I just don't see how it's going to be practical to implement. How do you properly assess a person's property or their possessions? Heck, every local struggles with property tax reassessments and likely will forever. Extend that saga now to pretty much anything else someone owns. Like I said, the principle of getting a really rich person who has little to no income, but sits on a hoard of wealth, isn't a bad thought, per se, but that same person is likely to be able to afford the tax lawyers necessary to avoid much, if not most, of this new tax. I'm pretty sure lots of other countries, Europe included, have abandoned wealth taxes as they just weren't worth the expenditures to chase them down.

They're open about it being a wealth tax. It's a tax on Billionaires...there is zero nuance there.

[DSUrocks07]

It's just another way to say a "wealth tax" without calling it a "wealth tax". In principle, I'm not adverse to something like that, but in practice I just don't see how it's going to be practical to implement. How do you properly assess a person's property or their possessions? Heck, every local struggles with property tax reassessments and likely will forever. Extend that saga now to pretty much anything else someone owns. Like I said, the principle of getting a really rich person who has little to no income, but sits on a hoard of wealth, isn't a bad thought, per se, but that same person is likely to be able to afford the tax lawyers necessary to avoid much, if not most, of this new tax. I'm pretty sure lots of other countries, Europe included, have abandoned wealth taxes as they just weren't worth the expenditures to chase them down.

They're open about it being a wealth tax. It's a tax on Billionaires...there is zero nuance there.

Imagine getting taxed on your 401k every year for "unrealized gains".

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[UNI88]

They're open about it being a wealth tax. It's a tax on Billionaires...there is zero nuance there.

Imagine getting taxed on your 401k every year for "unrealized gains".

That's next. Only wealthy people have 401(k)s.

They need to apply the tax to billionaires and federally elected officials.

[DSUrocks07]

Imagine getting taxed on your 401k every year for "unrealized gains".

That's next. Only wealthy people have 401(k)s.

They need to apply the tax to billionaires and federally elected officials.

Nope, their exemption from the tax is on page 1427, section Zed Alpha 1.4.



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[CID1990]

None of this could have been predicted - damn the police, say they aren't doing their jobs, and we should defund them, and then when we struggle to have enough police and/or the ones left purposely don't stick their necks out, we damn them for not doing their jobs. Gee, if only we could've predicted this ahead of time.

‘Member when people like her were saying de-policing was BS and not a thing?

I ‘member


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[UNI88]

None of this could have been predicted - damn the police, say they aren't doing their jobs, and we should defund them, and then when we struggle to have enough police and/or the ones left purposely don't stick their necks out, we damn them for not doing their jobs. Gee, if only we could've predicted this ahead of time.

‘Member when people like her were saying de-policing was BS and not a thing?

I ‘member

Do you 'member who we was and where we came from?

Defund the police, demoralize the police that remain, blame the increase in crime on police not doing their jobs, further demoralize the police ... What is the ctrl-left's endgame on this?

Who is going to enforce the big government mandates? A proletarian Red Guard?

[SDHornet]

Imagine getting taxed on your 401k every year for "unrealized gains".

That's next. Only wealthy people have 401(k)s.

They need to apply the tax to billionaires and federally elected officials.

There'd be no point to investing if this happens.

[SDHornet]

‘Member when people like her were saying de-policing was BS and not a thing?

I ‘member

Do you 'member who we was and where we came from?

Defund the police, demoralize the police that remain, blame the increase in crime on police not doing their jobs, further demoralize the police ... What is the ctrl-left's endgame on this?

Who is going to enforce the big government mandates? A proletarian Red Guard?

Paging klammy....

[DSUrocks07]

That's next. Only wealthy people have 401(k)s.

They need to apply the tax to billionaires and federally elected officials.

There'd be no point to investing if this happens.

What better way to make more people living off the government teat than to have personal retirement plans insolvent and force everyone to only have Social Security.

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[UNI88]

There'd be no point to investing if this happens.

What better way to make more people living off the government teat than to have personal retirement plans insolvent and force everyone to only have Social Security.

I hope to be living out of the country before they achieve that goal.