On your rant on unrealized capital gains, also the rich will find a way to game the system like you talked about earlier in the podcast. They will just have closed end funds that don't revalue or use hard assets and the appraiser will be "for sale" just like during the '08 mortgage boom you could get an appraiser to come up with the value needed for the loan to go through. etc. When it does filter down to the littler guys, they will be screwed because they can't pay the vig to evade the rules.
Also, could have touched on the no tax on tips being proposed by both Trump then stolen by Kamala. Will be funny when you see how they figure out how to make CEO pay be like 75% "tips" lol. Maybe that would be good for small business owners with a crafty accountant though.
On your rant on unrealized capital gains, also the rich will find a way to game the system like you talked about earlier in the podcast. They will just have closed end funds that don't revalue or use hard assets and the appraiser will be "for sale" just like during the '08 mortgage boom you could get an appraiser to come up with the value needed for the loan to go through. etc. When it does filter down to the littler guys, they will be screwed because they can't pay the vig to evade the rules.
Also, could have touched on the no tax on tips being proposed by both Trump then stolen by Kamala. Will be funny when you see how they figure out how to make CEO pay be like 75% "tips" lol. Maybe that would be good for small business owners with a crafty accountant though.
that's a good point -- they will always adapt and figure it out. And yeah, she also made the tiebreaking vote to block that already.
It's spreading because it's based and based things are slowly taking over.