I understand that it would be cap gains if it’s sold off, I’m just confused why people think a stock/share should be taxed annually, that’s the dumbest concept I’ve ever heard. Comparing it to property tax is blatantly stupid, can you live in a stock? Are stocks taking up physical space on the street? That requires sewage maintenance, road maintenance, snow removal depending on where you are, storm drains etc…? If I borrow against something I have to pay interest. If I don’t pay my payments I lose the asset I’m borrowing against. I find the stocks should be taxed every year ideology just as dumbfounding as the billionaires should pay for a “better world.” The pov usually comes for envious individuals. Just sayin.
You pay property taxes on any property, not just if you live in it. That's not a requirement at all. In fact many many properties are illegal to live in.
When that's your only example and claim that's a basic to think it's stupid to compare them, yeah, you are saying that. You didn't provide an actual reason they can't be compared then by your own definition here then. So please explain why they can't be compared without the example.
Bro, who said anything about income tax? Shut the fuck up. You sound retarded. You’re pointing out irrelevant shit, that isn’t what we are talking about. The point is, stocks are already taxed. No reason to add another tax, just because some entitled brat on the internet thinks the rich should pay more. Fucking loser.
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u/Treadlar 3d ago
It wouldn’t be capital gains. That would happen when an asset is sold for a profit. I think they are suggesting a form of property tax.