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56
Warren Buffet is getting rid of his stocks (files.catbox.moe)
posted 1 year ago by Conspirologist on scored.co (+0 / -0 / +56Score on mirror )
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Harambe on scored.co
1 year ago 3 points (+0 / -0 / +3Score on mirror ) 3 children
They are putting in new laws to force people like him back into the market.

25% unrealized gain tax (if 80%+ of your assets are liquid)

Yes, the unrealized gain tax is actually a market pump mechanic.
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BlowMeReddit on scored.co
1 year ago 9 points (+0 / -0 / +9Score on mirror )
Taxing unrealized gains would be a market dump scenario, not a market pump. Think about it: My stock portfolio doubles in value, but now I have to sell some of it to pay the taxes. Selling pressure=downward price movement.

Everyone else is doing the same, and now my stock portfolio is half its previous value. So I paid taxes and end up with a net worth lower than if I had stashed cash under a mattress. This is why it's economic suicide and a buttfucking retarded idea.
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BeefyBelisarius on scored.co
1 year ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
That can be easily dodged by immediately investing liquidated assets into land, metals, or maybe bonds.
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WeedleTLiar on scored.co
1 year ago 1 point (+0 / -0 / +1Score on mirror )
Which is why he's getting cash now; to buy those up when the value plummets.
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WeedleTLiar on scored.co
1 year ago 0 points (+0 / -0 )
Imagine if Warren Buffet were so rich that this was directed at him, personally.
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