Your local crazy homeless guy here. From what little I understand, people normally borrow against their stocks to avoid taxes, but I was looking at the interest rate for borrowing against your stock and some brokers are charging as much as 10%. And I was thinking, who can afford that?
But I guess if you only need to borrow 1% of the price of your assets, then 0.1% a year is meaningless.
I mean if you had 10m, you could borrow 100k a year, pay 10k in interest, even if taxes are 80%, thats 8k, 18% tax rate essentially when you add interest and tax together, with only 8% of your income going towards taxes. And thats at an 80% tax rate.
These are the ones that are larping about cpi to keep their own interest rates down. And let’s be honest, there is quite a lot of people with 10 million.
random google search gives me:
“Over 900,000 people in the US have a net worth in excess of $10 million”
https://www.businessinsider.com/america-billionaires-super-rich-knight-frank-millionaires-2025-3
If you join them you have to support the same policy they do, if you don’t join them you’ll get raped on taxes.
Once you’ve joined them you have no choice. You have to allign with their policy. You have to support inflation, and you have to support lying about inflation, and you have to keep everyone else from making any profit and getting ahead, by establishing high tax rates on profit, whether they be from a business, investing, or even employment.
The rest of us are expected to pay criminal level taxes, that go towards fake jobs, and get funneled into private businesses, while these guys pay less than 10% on their income. And they’ll have the screens yelling TAX THE RICH knowing that even a 100% tax rate is meaningless. As always, the people using the government to fuck us over and cripple free trade, need to you believe that more government, more taxes, more spending is the answer.
They think we are fucking idiots. Maybe you guys are, but I am not.