It resets after you pay the tax. It's based on the gain within a year. >Also, if someone is a founder of a company and is forced to sell enough of their shares to cover the taxes that they lose majority control, that seems like a real problem Unlikely because it's on the gain, not total valuation. Even then stocks could switch to paying out heavy dividends instead of stock buybacks because unrealized gains are no longer a tax haven for the ultra high net worth. Also there's a thing like voting shares vs non voting shares as well so that'd basically never happen unless the owner was an idiot. So maybe it's for the best. >I don’t get how this works out in a beneficial way. I’m all for closing loop holes but this seems ill conceived Rich people pay tax, can't hide money same way, so government has more money to do stuffs.

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Yeah, I really don’t understand how the unrealized gains part works in practice. How is that measured, annually? Would someone have to pay XX% every year on the gains compared to the cost basis? Or does the cost basis reset upon paying the tax? Also, if someone is a founder of a company and is forced to sell enough of their shares to cover the taxes that they lose majority control, that seems like a real problem. And wouldn’t such a large amount of shares being dumped on the market negatively affect the stock price? I don’t get how this works out in a beneficial way. I’m all for closing loop holes but this seems ill conceived…

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You're completely misinformed. The top 10% pay far more in taxes, as a percentage of their wealth, than the middle. Everyone knows that. As to tax cuts and loop holes you must be referring to things only the 0.01% can take advantage of. If I could have used some loophole I would have. So you're just ignorant. The "fair share" argument is used by idiots who don't know how much taxes the top 10% actually pay. Also as to generational wealth being passed on, studies show that the vast majority of millionaires in the US have not inherited their wealth so again you're just an ignorant fool. And anyway, if you think that parents should not be able to pass down their wealth to their children but that it should be confiscated by the government then you're also an immoral asshole. As to controlling 90% of the wealth you act as though the wealth somehow belongs to everyone like it's a communal pie but in fact people take in what they earn through work. There is no mass pile of goodies that everyone has some strange right to. You're also unknowingly comparing the wealth of 65-year-old people who've been saving and working for a long time versus the wealth of 20 somethings. Older people and highly successful people are the ones who make up the top 10% and there's no reason that younger people should expect to be in the same income bracket. The bottom line here is that your idea that the government is somehow subsidizing the lifestyle of the top 10% is just so stupid it is unbelievable. Also they could tax us at 75% and it wouldn't do a single thing to improve the wealth of the middle class.

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Top earners pay less in taxes than the average American yet control 90% of wealth. How is that math work? The government has been subsidizing your lifestyle with year after year of tax cuts and loop holes and all that has happened is generational wealth being passed on… I’m supposed to feel bad for you paying a fair share?

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Even though you're vastly overestimating the rate of inflation, that still isn't a bad thing. After the War the highest tax rate was 95%, yet we still had millionaires paying it, and that time period literally set up America's prosperity. Since tax rates were cut by Reagan, there's been a slow decline in public services and an increase in government dissatisfaction. People used to trust the government, and that was mostly because of high taxes that allowed the government to actually function well. Now it's in a death loop where people think government is bad so they want lower taxes, but the low taxes are the reason the government is bad.

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https://music.youtube.com/watch?v=oizdzPWshHU&si=Cttole8RehmdLbvx "FADED" ON LOOP

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Holy shit burn that Wingstop commercial. Every NBA game is that Wingstop ad and the Google Pixel “make that pose, take that pic” just on a loop

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Re: 6. A huge amount of supply was locked at sub-3% right before the rate increase, which IMO is going to delay the market recovery for a long time A lot of buyers are still waiting in the wings and those low rate homes are not going back on the market any time soon, further restricting the already limited supply Basically everyone with a rate lower than the current market is less likely to want to sell, more so the further the market is above your own rate. As the rates rise, that means more people are thinking "well geez might as well keep this house" since the market is still so hot. The high prices and the high rates in a way are a feedback loop because supply is so low. It won't pop until a critical mass of buyers eventually find homes, or the buyers waiting collectively give up (less likely imo) so if you want to time the housing market pop you'll have to do some fact finding on how fast supply is changing

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The housing market makes no sense to me. How are prices still going up when it's already ridiculously unaffordable *and* interest rates are shit? Best I can tell is it's the market feeding itself in some kind of feedback loop. Homeowners who locked in those absurd low interest rates see rising prices, sell their current home to some greedy fuck who wants to jack prices up even more, buy a cheaper home (that was also massively inflated), and pocket the difference. So we're selling tons of houses at stupid prices without actually bringing new people or new money into the market. In the PNW, housing prices are the stupidest shit in the entire goddamn universe. You want a burned out shack on a quarter acre of undeveloped land with no power or sewer access that's 50+ miles from the nearest city? $200k. Oh, you actually want to *live* in the house? $500k. Within commuting distance of any job? $800k. For a family of four? Just move someplace else.

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Bro he's just a moron regardless of his dumb political views. He had some good business decisions but that's it. Hyperloop, Vegas loop, Optimus, Fsd, he's always been a fraudster

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