Redistribution of Wealth

[Gumbo Man]

I’m curious what others think about this talk that’s been going on for quite sometime from the Libritards. Do we need to bury our money in the ground? Are they gonna look at bank accounts and determine how much is more than you need? Are stocks and 401s safe? This administration has proven that working class America is in their sights. Let’s Go Brandon!!

[Ætheling]

I dont know about a full on seizure of funds (PURE COMMUNISM) but I do know for this tracking plan of theirs I have a plan. My plan for this (for now) if it rolls out will be to go cash only. Yes they will have an idea on how much we spend but they will never know on what we spend. They will not see transactions other than me pulling money out of my account. Hell maybe I didnt even spend it, just put it in a safe somewhere or hell maybe it burnt up in the great boat fire of 2022.

[dphillips62]

It won't just be checking and savings they are wanting to tax you on unrealized capital gains so your 401K and IRA won't be safe either. If you own land that will be in jeopardy as well. Although this would be an unconstitutional tax to these communists they wouldn't care in the least.

[Death from Above]

Crypto is the future…

A one world currency…

[WItoTX]

It won't just be checking and savings they are wanting to tax you on unrealized capital gains so your 401K and IRA won't be safe either. If you own land that will be in jeopardy as well. Although this would be an unconstitutional tax to these communists they wouldn't care in the least.

They will struggle to pull this off. If they can tax you unrealized gains, then we can claim unrealized losses. How do you quantify the unrealized losses associated with NOT going to college, or NOT having the money to invest in a business, or NOT hitting the jackpot while gambling? (These are overly simplistic examples, but you get the picture. Those with means will figure out how to con the system)

It's a black hole that they will need to plug up. One thing I know about liberals, they will figure out a way to plug that hole. With the help of the John Cornyns, Mitt Romneys, Bushes, and McConnells on our side.

Which is why flat tax looks so good to ordinary citizens, and so horrible to politicians. We don't have a taxing problem, we have a spending problem. And now we are doing it on our credit card.

[RiverRat1]

It won't just be checking and savings they are wanting to tax you on unrealized capital gains so your 401K and IRA won't be safe either. If you own land that will be in jeopardy as well. Although this would be an unconstitutional tax to these communists they wouldn't care in the least.

IRAs are safe for now. They'll have to come after those differently. But they will get around to that after we all only complain and get used to this Fing we're about to take.

Keep us all divided and screw us one by one.. They will win pretty soon.

[RiverRat1]

They will struggle to pull this off. If they can tax you unrealized gains, then we can claim unrealized losses. How do you quantify the unrealized losses associated with NOT going to college, or NOT having the money to invest in a business, or NOT hitting the jackpot while gambling? (These are overly simplistic examples, but you get the picture. Those with means will figure out how to con the system)

It's a black hole that they will need to plug up. One thing I know about liberals, they will figure out a way to plug that hole. With the help of the John Cornyns, Mitt Romneys, Bushes, and McConnells on our side.

Which is why flat tax looks so good to ordinary citizens, and so horrible to politicians. We don't have a taxing problem, we have a spending problem. And now we are doing it on our credit card.

It's not hard. Take your brokerage 1099 and basically pay tax on how much the account grew. Some daytraders already pay tax like that (because it's easier). Now when they get to home values etc.. That will get complicated as heck.

[WItoTX]

Crypto is the future…

A one world currency…

I really am starting to think this. If private business and banks unite behind one currency, they sky is the limit. My only worry is, imagine if China launched a global crypto currency. The sheep of our society would use it because it's "easy", and once enough people are on it, China could confiscate everything.

Then I go down the rabbit hole of, why have we as a society, decided that gold or diamonds are valuable anyways? And what actually creates value?

[dphillips62]

https://www.barrons.com/articles/live-updates-51635096306

just one of many articles on this
Taxing unrealized capital gains was talked about during the Carter admin. so this theory is not new.
they can call it a billionaire tax but when they consume that up who do you think will be next? Remember Greece a few years ago?

[rockyraider]

It won't just be checking and savings they are wanting to tax you on unrealized capital gains so your 401K and IRA won't be safe either. If you own land that will be in jeopardy as well. Although this would be an unconstitutional tax to these communists they wouldn't care in the least.

This is what the commie Janet Yellen would like to do.

[JMKro]

Crypto is the future…

A one world currency…

Agreed. Everything controlled by a keystroke.

I really am starting to think this. If private business and banks unite behind one currency, they sky is the limit. My only worry is, imagine if China launched a global crypto currency. The sheep of our society would use it because it's "easy", and once enough people are on it, China could confiscate everything.

Then I go down the rabbit hole of, why have we as a society, decided that gold or diamonds are valuable anyways? And what actually creates value?

I'd say we're already there. Most people don't want to be "burdened" with using cash as it is. Hell, now you don't even have to have a physical debit/credit card at some places. They can just scan your phone & you're good to go.

And I've thought about the "And what actually creates value?" question myself. My take on it is that digital currency only exists in the digital world. It has value because we've given it value (like cash or gold), but outside of a computer or cellphone, it doesn't exists. The value of physical currency can be expressed/stated digitally (like going online to view your bank account), but it also exists physically. You can hold a dollar bill in your hand. You can hold a gold coin in your hand. So on & so forth.

[CEO]

I'll be 39 next month and would be shocked if retirement accounts are not tapped into by the government before it is time to use mine. They'll sell it by "taxing the super rich" then work their way down to everyone with an account.

[Ætheling]

I'll be 39 next month and would be shocked if retirement accounts are not tapped into by the government before it is time to use mine. They'll sell it by "taxing the super rich" then work their way down to everyone with an account.

They already control the accounts. They set the terms, contribution limits, tax rules, etc.... What age you can draw, how much you can draw......

[Neck]

End goal is to do away with fiat. Then they can control wealth. What you're allowed to buy, when and where you can buy and how much you need to kick in to the coffer.

[RiverRat1]

I'll be 39 next month and would be shocked if retirement accounts are not tapped into by the government before it is time to use mine. They'll sell it by "taxing the super rich" then work their way down to everyone with an account.

Yep. Tax the rich because no one cares (jealous of them) Then tax the next step down. People under that step won't care (still jealous) and the rich will just laugh and rightfully so. Then keep going down the ladder. Easy peasy.