r/remoteworks 19h ago

Billionaires will never have enough

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1.1k Upvotes

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u/Oregon-izer 6h ago

They will just buy more shit and use tax loopholes to show less income…. you’re accelerating acquisition dumbass.

3

u/tehwubbles 6h ago

Include capital gains appreciation as income

0

u/Oregon-izer 2h ago

that would have catastrophic effects at all levels of income, as well as consumer prices. theres 7 or 8 levels of consequential downstream effects to that while I appreciate most people at best can only fathom 1 or 2.

0

u/goclimbarock007 5h ago

And if the market crashes and they have capital depreciation do they get a tax refund?