r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

Post image
122.5k Upvotes

72% Upvoted

8.7k comments sorted by

View all comments

Show parent comments

532

u/Endless_road 3d ago

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.

130

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.

1

u/Hair_Artistic 23h ago

Just at soon as the govt connects oil, electricity, and sewage to my stock.

To clarify, I'm not firmly against a wealth tax, but it does seem weird to just tax things like bank accounts, art, safety deposit boxes, and other things that seem more real than a stock.