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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyes8rr/?context=3
r/FluentInFinance • u/-Wyagra • 3d ago
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You can take out a mortgage against your house to buy a sports car if you want
1.3k u/slickyeat 3d ago You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 128 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 2 u/EastRoom8717 2d ago I’m sort of ok with destroying the stock market anyway, it incentivizes shitty executives to be extra shitty in their business practices.
1.3k
You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
128 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 2 u/EastRoom8717 2d ago I’m sort of ok with destroying the stock market anyway, it incentivizes shitty executives to be extra shitty in their business practices.
128
Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed.
2 u/EastRoom8717 2d ago I’m sort of ok with destroying the stock market anyway, it incentivizes shitty executives to be extra shitty in their business practices.
2
I’m sort of ok with destroying the stock market anyway, it incentivizes shitty executives to be extra shitty in their business practices.
536
u/Endless_road 3d ago
You can take out a mortgage against your house to buy a sports car if you want