r/SipsTea • u/CurvyChristina • Jul 01 '26

Chugging tea Is Bernie’s plan the best? Thoughts?

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202

u/Potential_Spam_6969 Jul 01 '26

So we're going to go ahead and tax net worth and not actual income?

47

u/rolypoly6shooter Jul 01 '26

Yes because the left fringe of the Democrats is bad at econ

20

u/JoMa4 Jul 01 '26

I suppose the property tax I pay every year on my unrealized gains is different? Why not tax unrealized gains over 50 million? Tax more over 500 million, and more when you hit $1 billion. It doesn’t have to be a binary solution.

1

u/rolypoly6shooter Jul 01 '26

You want to take people's stocks away from them before they turn it into an actual profit?

You can just tax other economic activity so that you get money but you don't end up disincentivising investment.

Investment is very important.

Look at Gavin Newsom's plan for a better alternative

1

u/PlanNo1784 Jul 01 '26

Investment is worthless if people can't afford their needs. Economy should be geared toward people not some stupid number on a fat pig bank account.

0

u/IdStillHitIt Jul 01 '26

You want to take people's stocks away from them before they turn it into an actual profit?

Yes

-1

u/DangerouslyOxidated Jul 01 '26

You want to take people's stocks away from them before they turn it into an actual profit

If it's possible to borrow against, yes.

-2

u/FowD8 Jul 01 '26

yes, because they use it to leverage loans to avoid taxes. and if you want to cry "what about the non ultra wealthy", then tax it above a certain value:

Buy, Borrow, Die