• vegeta@lemmy.worldOP
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    4 months ago

    A formal declaration of war, and the battle with the Swifties has been engaged.

    edit: another epic rant may be starting:

    Unrealized tax on capital gains? That wording would mean the tax on capital gains is unrealized, not a Tax on Unrealized capital gains you stable business genius

    Reverse Deportation? So you want to stop deportation and/or import people? JFC

    If they are failing, seems like they would becoming less of/not a threat?

    • FunkyElectro@pawb.social
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      4 months ago

      He’s telling the rich to fear another great depression as if the rich didn’t make fucking bank during the actual great depression.

        • /home/pineapplelover@lemm.ee
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          4 months ago

          Just from my small brain viewpoint, the owner hasn’t sold the house or anything, so they shouldn’t be taxed, and rent income is already taxed, so if they’re using it to rent, this might trickle down to increase rent costs. Although, on the other hand. This only affects the ultra rich, so maybe they have it coming to them.

          • flying_gel@lemmy.world
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            4 months ago

            To expand your analogy to the house on how the rich used their unrealised gains.

            You buy a house and it appreciates in value. You bowwow money against the capital gains and use that to live on. Your house price goes up further, generating more capital gains that you can now bowwow against to pay back your previous loan.

            edit: also since you’re so filthy rich the banks give you really low interest rates, way less than tax would have been.